background preloader

Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father

President Trump participated in dubious tax schemes during the 1990s, including instances of outright fraud, that greatly increased the fortune he received from his parents, an investigation by The New York Times has found. Mr. Trump won the presidency proclaiming himself a self-made billionaire, and he has long insisted that his father, the legendary New York City builder Fred C. But The Times’s investigation, based on a vast trove of confidential tax returns and financial records, reveals that Mr. Much of this money came to Mr. These maneuvers met with little resistance from the Internal Revenue Service, The Times found. The Trumps paid a total of $52.2 million, or about 5 percent, tax records show. The president declined repeated requests over several weeks to comment for this article. Mr. [Read the full statement] The president’s brother, Robert Trump, issued a statement on behalf of the Trump family: “Our dear father, Fred C. The Times’s findings raise new questions about Mr. Mr. Mr. Related:  Fat Fraud Sits on a Mountain of LiesPolitics

Au FMI, à la Banque mondiale, à l’OCDE : les femmes prennent le pouvoir Un triplé féminin préside désormais aux destinées des départements de recherche de trois célèbres institutions économiques internationales. LE MONDE | 03.10.2018 à 11h01 • Mis à jour le 03.10.2018 à 13h13 | Par Marie de Vergès Certains auront sans doute noté que Gita Gopinath, nommée par le Fonds monétaire international (FMI), lundi 1er octobre, au rang de chef économiste, est une éminente spécialiste des taux de change. D’autres, que cette Américaine est née et a grandi en Inde, comme l’un de ses prédécesseurs au FMI, Raghuram Rajan (2003-2006). D’autres, enfin, plus certainement, remarqueront qu’elle est une femme. Lire aussi : Natacha Valla à la BCE : l’ambition tranquille De fait, en avril, la Banque mondiale a choisi une professeure d’économie de l’université Yale, Pinelopi Koujianou Goldberg, pour remplacer Paul Romer en tant que chef économiste de l’institution phare du développement. Une influence sur l’orientation de la recherche

4 Ways Fred Trump Made Donald Trump and His Siblings Rich In Donald J. Trump’s version of how he got rich, he was the master dealmaker who parlayed an initial $1 million loan from his father into a $10 billion empire. It was his guts and gumption that overcame setbacks, and his father, Fred C. Trump, was simply a cheerleader. But an investigation by The New York Times shows that by age 3, Donald Trump was earning $200,000 a year in today’s dollars from his father’s empire. He was a millionaire by age 8. In all, financial records reveal, Mr. Here are four ways that Fred Trump made his children rich. Fred Trump made his son not just his salaried employee but also his property manager, landlord, consultant and banker. Fred Trump provided money for Donald Trump’s car, money for his employees, money to buy stocks, money for his first Manhattan offices and money to renovate those offices. The biggest payday Donald Trump ever got from his father came long after Fred Trump’s death.

Robert Mercer’s Secret Adventure as a New Mexico Cop Robert Mercer probably would have flown into Roswell. From there—1,800 miles from home—he would’ve traveled south through the high desert plains of southeast New Mexico, flat as a tortilla, past abandoned homesteads and irrigation machines moving in slow circles. His phone reception would’ve gotten spotty when he turned left off Highway 285. He would’ve seen the bare limbs of a pecan orchard and a graveyard decked in plastic flowers. If Mercer’s trips to Lake Arthur resembled my recent visit, he might’ve climbed into the passenger seat of Norwood’s police truck, whose black-and-white paint job is fading in the wind-whipped sand. For most of the past six years, as Mercer became one of the country’s political kingmakers, he was also periodically policing Lake Arthur, according to the department. Until a few months ago, Mercer, 71, ran what is arguably the world’s most successful hedge fund. States vary widely in their approaches to regulating concealed weapons.

Donald Trump tax evasion: New York Times alleges sketchy tax schemes The New York Times on Tuesday published the results of an investigation into President Donald Trump’s wealth and tax practices, uncovering a pattern of tax evasion and business practices that allowed Trump to receive at least $413 million in today’s dollars from his father. David Barstow, Susanne Craig, and Russ Buettner at the Times released the results of an investigation into Trump’s finances and those of his family — namely, his father, Fred Trump. They found that Trump and his siblings got hundreds of millions of dollars of dollars in today’s money from his father’s real estate empire, starting when they were children: Much of this money came to Mr. The IRS, according to the Times, didn’t really notice it. The Times didn’t see Trump’s own tax returns. According to the Times, when Donald Trump’s finances were “crumbling” in the 1980s and ’90s, Fred Trump’s companies increased distributions to him and his siblings. By age 3, Mr.

Commerce : Trump arrache au Canada un nouvel accord de libre-échange Avec cet accord de modernisation de l’Alena, le président américain remporte un succès indéniable, mais dont la portée économique réelle doit encore être expertisée. LE MONDE | 01.10.2018 à 06h41 • Mis à jour le 01.10.2018 à 13h35 | Par Arnaud Leparmentier (New York, correspondant) Le Canada a rejoint, dimanche 30 septembre, juste avant l’ultimatum de minuit fixé par le président américain, Donald Trump, l’accord de modernisation du traité de libre-échange nord-américain (Alena) signé sous George Bush père, en 1992, et entré en vigueur sous Bill Clinton, en 1994. A cinq semaines des élections de mi-mandat du 6 novembre aux Etats-Unis, il s’agit d’une victoire politique pour le locataire de la Maison Blanche. Ce dernier n’avait cessé, pendant sa campagne électorale de 2016, de dénoncer cet accord commercial entre son pays, le Canada et le Mexique, menaçant de le quitter unilatéralement. Les négociations de modernisation avaient débuté en août 2017. La méthode Trump a payé M.

11 Takeaways From The Times’s Investigation Into Trump’s Wealth All told, The Times documented 295 distinct streams of revenue Fred Trump created over five decades to channel wealth to his son. But the partnership between Donald Trump and his father was about more than the pursuit, and the preservation, of riches. They were also confederates in a more ambitious project: creating the myth of Donald J. Emblematic of this dynamic is Trump Tower, the talisman of privilege that established Donald Trump as a player in New York. In December 1990, Donald Trump sent his father a document that left him both angered and alarmed. Fred Trump rebuffed the maneuver, refusing to sign the codicil. So with Donald Trump playing a central role, the family formulated a plan that included unorthodox tax strategies that experts told The Times were legally dubious and, in some cases, appeared to be fraudulent. The first major component was creating a company called All County Building Supply & Maintenance.

My Life as a New York Times Reporter in the Shadow of the War on Terror I was sitting in the nearly empty restaurant of the Westin Hotel in Alexandria, Virginia, getting ready for a showdown with the federal government that I had been trying to avoid for more than seven years. The Obama administration was demanding that I reveal the confidential sources I had relied on for a chapter about a botched CIA operation in my 2006 book, “State of War.” I had also written about the CIA operation for the New York Times, but the paper’s editors had suppressed the story at the government’s request. 1 A Marketplace of Secrets Bundled against the freezing wind, my lawyers and I were about to reach the courthouse door when two news photographers launched into a perp-walk shoot. As I walked past the photographers into the courthouse that morning in January 2015, I saw a group of reporters, some of whom I knew personally. My lawyers and I took over a cramped conference room just outside the courtroom of U.S. Until now. From top left to bottom right: Aldrich Ames, John I.

New York tax authorities investigating Trump fraud allegations New York state tax authorities are investigating after the New York Times reported that Donald Trump engaged in “dubious tax schemes during the 1990s, including instances of outright fraud”, as he and his siblings took control of a real estate empire built by Fred C Trump, the president’s late father. “The tax department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation,” the state taxation authority told the Washington Post. In a blockbuster investigative report built on interviews with the elder Trump’s former employees and more than 100,000 pages of documents including tens of thousands of pages of confidential records, the Times unfolds the story of how Trump “received the equivalent today of at least $413m from his father’s real estate empire, starting when he was a toddler and continuing to this day”. Little of the information had previously come to light. “I got peanuts,” Trump told one interviewer.

Budget italien : Bruxelles maintient la pression sur Rome La Commission veut faire entendre raison à un gouvernement qui, en prévoyant de laisser filer le déficit, la défie, sans pour autant provoquer une crise politique. Un exercice d’équilibriste délicat. LE MONDE | 03.10.2018 à 10h47 • Mis à jour le 03.10.2018 à 11h14 | Par Cécile Ducourtieux (Bruxelles, bureau européen) Les invectives fusent ; la Commission de Bruxelles reste ferme. « Nous devons éviter que l’Italie réclame des conditions spéciales qui conduiraient à la fin de l’euro si elles étaient concédées à tous », avait prévenu Jean-Claude Juncker, le président de l’institution, lundi 1er octobre, quatre jours après l’annonce d’un accord entre le Mouvement 5 étoiles (M5S, « antisystème ») et la Ligue (extrême droite) visant à laisser filer le déficit public transalpin à 2,4 % du produit intérieur brut (PIB) entre 2019 et 2021 – loin des 0,8 % espérés par Bruxelles dès l’an prochain. « Ouvert à un dialogue » Pas question cependant d’adopter une ligne conciliante.

Fact-checking misinformation about the migrant caravan Misinformation about a migrant caravan heading to the United States is spreading on Facebook and other social media platforms with users sharing false or misleading memes and posts that paint a skewed version of the facts. PolitiFact has fact-checked many of those claims. A hurricane about to strike the caravan? False. Here’s a brief summary of the facts: • It’s estimated that about 7,000 people are in the migrant caravan. • The majority are believed to be from Honduras. Here’s what’s not true or lacks corroborating evidence. Trump: "unknown Middle Easterners are mixed in" the caravan President Donald Trump on Oct. 22 tweeted that "unknown Middle Easterners" were in the caravan. But there’s no proof — something Trump acknowledged a day after making the claim. Pressed for more information, Trump said, "There’s no proof of anything." "Intensifying Hurricane Willa headed directly toward 10,000 migrant caravan path." This is False. False. None of the photos accurately depict the current caravan.

Here’s How Facebook Should Really Handle Alex Jones Free speech took a whacking Thursday as Facebook cited its policies against “dangerous individuals and organizations” to ban such figures as Alex Jones, Laura Loomer, Louis Farrakhan, Milo Yiannopoulos and several other extremists from the site. They were purged from Facebook-owned Instagram, and their affiliated fan pages will also be shuttered in what the Wall Street Journal called the company’s “most sweeping” action “yet against online provocateurs.” Facebook was within its rights to evict the accounts, even if they’ve done nothing criminal. It’s Facebook’s house, after all, and because the government isn’t involved it’s not a First Amendment issue. But the absolutism of Mark Zuckerberg’s rash housecleaning this week leaves a scrape and a dent in our strong free speech traditions. Story Continued Below Free speech’s health has traditionally been measured in America not by what we will allow speakers to say, although that is important, but what listeners will tolerate.

Related: