https://www.theguardian.com/world/2020/oct/21/donald-trump-china-bank-account-nearly-200000-taxes-report https://www.theguardian.com/world/2020/oct/21/donald-trump-china-bank-account-nearly-200000-taxes-report
New York Times says records reveal company bank account in China, and documents show he paid more tax there than at home
Donald Trump maintains a bank account in China where he pursued licensing deals for years, according to a report that could undermine the president’s election campaign claim that he is tough on Beijing.
Tax records reviewed by the New York Times showed a previously unreported bank account in China controlled by Trump International Hotels Management. The account paid $188,561 in taxes in China between 2013 and 2015 in connection to potential licensing deals, according the newspaper.
Earlier reporting by the Times showed he paid just $750 in US taxes in 2016 and 2017.
The recent tax records also showed Trump invested at least $192,000 in five companies charged with pursuing business deals in China. Those companies claimed $97,400 in business expenses, including payments as recently as 2018, the Times reported.
Trump has waged his re-election campaign on his ability to stand up to China on issues from trade to human rights abuses in Xinjiang and political repression in Hong Kong as well as accountability for the spread of Covid-19. Under Trump, ties between China and the US have reached their lowest point in decades.
New York Times says records reveal company bank account in China, and documents show he paid more tax there than at home
Donald Trump maintains a bank account in China where he pursued licensing deals for years, according to a report that could undermine the president’s election campaign claim that he is tough on Beijing.
Tax records reviewed by the New York Times showed a previously unreported bank account in China controlled by Trump International Hotels Management. The account paid $188,561 in taxes in China between 2013 and 2015 in connection to potential licensing deals, according the newspaper.
Earlier reporting by the Times showed he paid just $750 in US taxes in 2016 and 2017.
The recent tax records also showed Trump invested at least $192,000 in five companies charged with pursuing business deals in China. Those companies claimed $97,400 in business expenses, including payments as recently as 2018, the Times reported.
Trump has waged his re-election campaign on his ability to stand up to China on issues from trade to human rights abuses in Xinjiang and political repression in Hong Kong as well as accountability for the spread of Covid-19. Under Trump, ties between China and the US have reached their lowest point in decades.
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