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In reply to the discussion: Eric Trump claims profits from foreign countries were donated to U.S. Treasury [View all]The Magistrate
(96,043 posts)33. Always Helps To Read All the Way Through, Sir
The payment "is woefully inadequate," said Noah Bookbinder, executive director of Citizens for Responsibility and Ethics in Washington, a plaintiff in one of the lawsuits.
The payments are calculated on profits from foreign governments at Trump hotels and similar properties, as explained in a pamphlet from the Trump Organization. The calculation does not include other profits for example, on rent paid by the government of China for space at Trump Tower or non-monetary benefits for Trump properties in other countries, or payments or benefits from state governments.
And even with this, note the dependence on 'calculations' of profit prepared by a company already found liable for fraud on a scale of billions. I'm more likely to believe a police officer who says he feared for his life than a Trump Org accountant's figures.
The payments are calculated on profits from foreign governments at Trump hotels and similar properties, as explained in a pamphlet from the Trump Organization. The calculation does not include other profits for example, on rent paid by the government of China for space at Trump Tower or non-monetary benefits for Trump properties in other countries, or payments or benefits from state governments.
And even with this, note the dependence on 'calculations' of profit prepared by a company already found liable for fraud on a scale of billions. I'm more likely to believe a police officer who says he feared for his life than a Trump Org accountant's figures.
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Eric Trump claims profits from foreign countries were donated to U.S. Treasury [View all]
underpants
Jan 2024
OP
Of course, payments for hotel rooms, etc... this isn't news. What do you mean by oops?
WarGamer
Jan 2024
#68
Still didn't notify Congress as REQUIRED by the Constitution of the United States.
Justice matters.
Jan 2024
#59
"Last thing, Mr. Trump, what name do you want to call this new account you're setting up?"
tanyev
Jan 2024
#25
Profit? Most of us "donate" part of our income to the US treasury, it's called taxes
Walleye
Jan 2024
#26
IF that were true, OrangeHead would have blitzed Fox News for months about it
bucolic_frolic
Jan 2024
#51
The "donation" of "profits" to the Treasury is discussed at length in the staff report
onenote
Jan 2024
#55