American businessman and chief financial officer of The Trump Organization
The amount imposed by Judge Juan Manuel Merchan was the maximum allowed by law, an amount equal to double the taxes a small group of executives avoided on benefits including rent-free apartments in Trump buildings, luxury cars and private school tuition.
“All of these corrupt practices were part of the Trump Organization executive compensation package, and it was certainly cheaper than paying higher salaries to those executives,” he said. While a fine of that amount isn't likely to affect the company’s operations or future, the conviction is a black mark on the Republican’s reputation as a savvy businessman as he mounts a campaign to regain the White House.
The criminal case involved financial practices and pay arrangements that the company halted when Trump was elected president in 2016.
Ah, you know it's going to be all about, 'but his classified documents. Not mine. His.'
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Organization to be sentenced for tax fraud, faces fineThe stiffest penalty Donald Trump’s company could receive when it is sentenced Friday by a New York judge for helping its executives dodge taxes is a $1.6 million fine — not even enough to buy a Trump Tower apartment.
Source: ksatnews - 🏆 442. / 53 Read more »
Trump Organization to be sentenced for tax fraud, faces fineThe stiffest penalty Donald Trump’s company could receive when it is sentenced Friday by a New York judge for helping its executives dodge taxes is a $1.6 million fine — not even enough to buy a Trump Tower apartment
Source: WOKVNews - 🏆 247. / 63 Read more »
Trump Organization To Be Sentenced For Tax Fraud, Faces FineThe stiffest penalty Donald Trump’s company could receive for helping its executives dodge taxes is a $1.6 million fine. Not much of a return for the hundreds of millions in total cost of 6 years of witch hunts… This country is such a disappointing place. The law is bent in favor of the wealthy elite corporations. If any average person did what the trumps have done in totality, we'd be incarcerated, no questions asked.
Source: HuffPostWomen - 🏆 27. / 68 Read more »
Trump Organization to Be Sentenced Friday in Tax-Fraud CaseDonald Trump‘s family business is set to be sentenced Friday following its criminal tax-fraud conviction for using an off-the-books compensation scheme to pay some employees in perks That'll show him. Any employers better not be giving gifts to their employees to show them appreciation!!! Criminals!!! ini penting untuk musim dingin dan musim panas.... daya tahan tubuh....tapi kalian menolak aku.... ya sudah.... Who is face the .music?
Source: WSJ - 🏆 98. / 63 Read more »