It's amazing to me that you think conspiracy requires intelligence. What he did on television was the epitome of stupidity. Jesus, Bob, keep spinnin' for President George Bluth..........
Conspiracy does involve intelligence you brainlet.
It's amazing to me that you think conspiracy requires intelligence. What he did on television was the epitome of stupidity. Jesus, Bob, keep spinnin' for President George Bluth..........
Well then Surely this will be itI didn’t. I jumped on you for being a lap dog.
Well then Surely this will be it
Was that how the thread is titledDo you think this shouldn't be reported or anything? It's a bad look and considering Trump was loaning his own money to rhe course do you think he was not aware of the fudging of the numbers?
Was that how the thread is titled
In 1991, a federal judge found Trump and other defendants guilty of conspiring to avoid paying union pension and welfare contributions for the workers. The decision was appealed, with partial victories for both sides, and ultimately settled privately in 1999. In a February GOP debate, Marco Rubio brought up the story to accuse Trump of hypocrisy in his stance on illegal immigration. Meanwhile, Massimo Calabresi shows that testimony under oath shows Trump was aware of illegal immigrants being employed there.
In 1990, with Trump Taj Mahal in trouble, Trump’s father Fred strolled in and bought 700 chips worth a total of $3.5 million. The purchase helped the casino pay debt that was due, but because Fred Trump had no plans to gamble, the New Jersey gaming commission ruled that it was a loan that violated operating rules. Trump paid a $30,000 fine; in the end, the loan didn’t prevent a bankruptcy the following year.
The school shut down in 2010. In November 2016, Trump agreed to settle a series of lawsuits related to the school for $25 million. Trump did not admit any wrongdoing as part of the settlement. But he had insisted for months that he would not settle the suit because he expected to win. For a time, he appeared to have been trying to intimidate plaintiffs, including countersuing one for $1 million (a favorite Trump litigation tactic) and refusing to let her withdraw from the suit. (The countersuit was thrown out.)
This is exactly what I was thinking. How can you expect tax returns filed under different sets of tax laws to match? I can't say there isn't something fishy, but my business degree included just enough accounting for me to know that this stuff isn't straight forward. If you have ever itemized your personal taxes or worked through a small business return, you know it can get convoluted. All those questions the accountant (or turbotax) asks that illicit a "are you f'n kidding me?" Well, if I were operating casinos, hotels, & resorts in multiple countries some of those answers would be yes. And I can only assume the U. K. tax code is just as complex. How does it work? Does Scotland have a separate tax code, like say a state in the U.S.?Also in the article:
"Early Tuesday evening, after this article was published and days after HuffPost first sought comment, the Trump Organization, his family business that operates the resorts, responded through Chief Legal Officer Alan Garten, who said the two sets of statements are filed under different accounting and legal standards. “As a result, while both filings provide financial information, the filings each have distinct reporting requirements and standards. Thus, the two filings cannot and should not be compared,” Garten wrote in an email."
More of the same.....
Exactly right. Even in our own federal system a cash flow statement has nothing in common with a tax return, even though it's usually included. It's obvious that the writer is assuming that debt should be reflected in the property value, but it's not.This is exactly what I was thinking. How can you expect tax returns filed under different sets of tax laws to match? I can't say there isn't something fishy, but my business degree included just enough accounting for me to know that this stuff isn't straight forward. If you have ever itemized your personal taxes or worked through a small business return, you know it can get convoluted. All those questions the accountant (or turbotax) asks that illicit a "are you f'n kidding me?" Well, if I were operating casinos, hotels, & resorts in multiple countries some of those answers would be yes. And I can only assume the U. K. tax code is just as complex. How does it work? Does Scotland have a separate tax code, like say a state in the U.S.?
Uh oh now you’re a trumpster and hate immigrants you goddamn NaziExactly right. Even in our own federal system a cash flow statement has nothing in common with a tax return, even though it's usually included. It's obvious that the writer is assuming that debt should be reflected in the property value, but it's not.
There are different ways to declare depreciation of the property's assets too, which can be spread out for tax purposes but are direct against an assets declared value.
It can be so complicated it swirls the head.
I'm an uneducated dumbass...Uh oh now you’re a trumpster and hate immigrants you goddamn Nazi
How dare you acknowledge that the article is poorly researched and being adopted by people swearing it will be the end of trump while having absolutely no knowledge of any kind to interpret what they read but have strong opinions anyway
Conspiracy does involve intelligence you brainlet.
https://www.huffpost.com/entry/trum...UTn5HkjZxI40rzLpwtsmiXGMxACbjD4sipyaKmldes_HM
Well, again and again we keep seeing the President is a conman and a fraud. It appears his practice of fraud relating to overstating and understating his finances is now in other nations as well.
Trump claimed in his 2018 U.S. filing that his Turnberry and Aberdeen resorts were each worth more than $50 million. For that same time period, he filed balance sheets with the United Kingdom government showing that their combined debt exceeded their assets by 47.9 million British pounds ― the equivalent of $64.8 million at the exchange rate on Dec. 31, 2017, the date of the last U.K. filing available.
His 2018 “public financial disclosure” filed with the U.S. Office of Government Ethics also claims those two resorts earned him “income” of $23.8 million. His filings with the U.K. Companies House office in Edinburgh for that period showed the resorts had actually lost 4.6 million pounds ― equal to $6.3 million.
His U.S. disclosure statement also fails to mention $199.5 million in loans Trump has made to those resorts: $54.9 million from him personally to Trump International, Scotland in Aberdeenshire; $144.6 million from his trust to Trump Turnberry in Ayrshire.
Knowingly providing false or incomplete information on that form is a violation of the Ethics in Government Act punishable by up to a year in jail. Signing the form attesting to the untrue information constitutes making a false statement, punishable by up to five years in prison.
This may or may not mean he lied. It may be possible that he can earn 23m to turn in on a financial disclosure form in the US while leagally losing 6m due to depreciation and other tax deductions in the UK
For the same two properties, in the UK he reported them as having being worth a combined 65 million in debt. In the US, he reported them being worth over 100 million.
That's quite the discrepancy.
And?
1 is a tax liabilty form the other is just a statement of asset value.
And, UK authorities see a red flag, quite like Deutsche Bank managers did when putting red flags for suspicious activity on Trump's accounts.