Donald Trump's tax records shed new light on his business pursuits in China

  • 📰 SBSNews
  • ⏱ Reading Time:
  • 77 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 89%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

US President Donald Trump's own business history is filled with overseas financial deals, and some have involved the Chinese state.

He spent a decade unsuccessfully pursuing projects in China, operating an office there during his first run for president and forging a partnership with a major government-controlled company.

The British and Irish accounts are held by companies that operate Mr Trump’s golf courses in Scotland and Ireland, which regularly report millions of dollars in revenue from those countries.In response to questions from The Times, Alan Garten, a lawyer for the Trump Organization, said the company had “opened an account with a Chinese bank having offices in the United States in order to pay the local taxes” associated with efforts to do business there.

China continues to be an issue in the 2020 presidential campaign, from the president’s trade war to his barbs over the origin of the coronavirus pandemic. Numerous news articles and fact-checking sites have explained that the huge figure was actually a fundraising goal set by an investment firm in which Hunter Biden obtained a 10 per cent stake after his father left office.The firm did receive financial backing from a large state-controlled bank, but it is not clear the fundraising target was ever met, and there is no evidence Hunter Biden received a large personal payout.

His efforts go at least as far back as 2006, when he filed trademark applications in Hong Kong and the mainland.In 2008, Mr Trump pursued an office tower project in Guangzhou that never got off the ground. But his efforts accelerated in 2012 with the opening of a Shanghai office, and tax records show that one of Mr Trump’s China-related companies, THC China Development LLC, claimed USD$84,000 in deductions that year for travel costs, legal fees and office expenses.

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:

 /  🏆 3. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

It sounds like SBS is trying to justify some pretty severe corruption. I hope they don't approach their business practices like this. SBS - if everyone else is accepting foreign money for political favours then why shouldn't we do it?

One thing you can be sure of with realDonaldTrump is if he claims someone is doing something corrupt, you can rest assure that is exactly what he is doing.

The whole world where CCP deeply and broadly infiltrated their elites, financially and politically!!! Action!! Action!! Action!!! Before it is too late!!!!!!

How about he hasn’t dropped one bomb on civilians SBS

BIG DEAL he is/was a business man not some covidiot like the democrat OR …..

Dr. Li-Meng Yan shows the evidences in her two short reports that the coronavirus was manufactured and spread intentionally by the Chinese Communist Party. Click yanreports to read the 2 reports.

Stop the Trump antagonism for once... meanwhile...

You have got to be joking. Biden is corrupt beyond doubt and Trump and his family have been investigated for 4 years and they found nothing. Biden, Pelosi, Kerry, etc are all swamp creatures and the left media want to focus on a guy who’s been in politics for 3.5 years.

Honestly, the hate media never give up. The word”some”……..what a vague generalisation, and written by an un-named journalist. Typical.

He is an International Businessman who now donates his Government Pay check unlike the Bidens who used Government to become Rich. And remember why he was elected to get rid of these corrupt pricks in Washington !

So, is SBS on retainer from the US Democrats, or is it an article by article deal? SBS is certainly not working on behalf of Australia. MediaBias

SBS news doesn't cover the Biden scandal, the biggest financial scandal in a Presidential election ever, yet they come up with dribble like this.

Shhh , lets not mention Biden’s corruption with ACTUAL evidence

Lets also not forget Trump was not a president before 2016, but Biden was a VP from 2008 to 2016, and even years serving in public seevice

Oh look, they were all legal......yawn

He is businessman, of course there are overseas financial deals. Biden is different, he is not a businessman, but a politican high up the food chain, potentially expose to lots of top secret. Biden's family using this to exploit the system and gain enormous amount of $

Anonymous sources?

Lol come on SBS why are you turning this about trump when the Biden courrption is a massive story. Bidens crackhead son doing pay for play deals with his vice president father is courrption and there is a high public intrest in the story that your a ignoring and covering up.

My super has a portfolio of Chinese interests.... why are you advocating this ani China propaganda for

even we Australians do a lot of Chinese deal..is this serious news..lol

No one more dodgy than Donny Dumpster..🤷🏻‍♀️

It's biden time,pls

Uh, yeah, that's kind of a given with people in big business. Just have a wee little chat with the crap tonnes of Aussie businesses with dealings in China. Most will have Chinese bank accounts too to facilitate use of AliPay, WePay etc.

So what⁉️ Stop your bullshit💩

Yeah no news there it's been known for yrs

Maybe you may want to talk about the big story for the election and contents of a certain computer. Who is the crim?

Wuhan Don

Canada Canada Latest News, Canada Canada Headlines