Trump's company faces criminal tax trial as his legal woes mount

  • 📰 Reuters
  • ⏱ Reading Time:
  • 55 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 97%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Donald Trump's family company is set to face a criminal trial on tax fraud charges in New York starting next week that could trigger fines and further complicate the real estate firm's ability to do business as the former U.S. president's legal woes mount.

the Trump Organization and its then-chief financial officer Allen Weisselberg with defrauding tax authorities by awarding "off the books" benefits to company executives since 2005, allowing certain employees to understate their taxable compensation and enabling the company to evade payroll taxes.in August to charges that he concealed $1.76 million in income.

The company's lawyers also said prosecutors presented no evidence to the grand jury that returned the indictment that the Trump Organization evaded payroll taxes. They also said that prosecutors were seeking to punish the company because "a handful of its officers allegedly failed to report fringe benefits on their personal tax returns.

The Manhattan District Attorney's office is limited to seeking financial penalties, noted Marc Scholl, a former prosecutor in the office. A corporation can be fined up to $250,000 for each tax-related count it faces and up to $10,000 for non-tax counts, Scholl added. "It casts a pall of uncertainty over the company," Baer said, adding that many companies seek to resolve allegations of criminal wrongdoing before charges are even brought through agreements with prosecutors.Prosecutors said Weisselberg received perks from the company in lieu of some salary, including rent for a Manhattan apartment, lease payments for two Mercedes-Benz vehicles and tuition for relatives, with Trump signing the tuition checks.

 

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

But he's Popular in America, that's how Backwards it is, people who love him are Hillbillies, Trumps never help them in his life, that's how Backwards they are.

Good the guys a crook.

gtconway3d Bye Trump org.

Thoughts and prayers.

Hunter Biden and his dad sold America out to China! Why don't you report on that. Something that has actually hurt Americans! How about inflation? High gas? Violence?

Let's stop pretending the USA is still a democracy, arrest Trump and try him as Russian agent and enemy of the people. Then organize petitions by outraged American people demanding highest punishment. Study Stalin for ideas how to do it.

Rich ppl & companies avoiding to pay taxes with gimmicks. Hardly surprising, but if it goes to trial, we'll see...

Such a damn shame, he was such a nice guy in 1948 🤣🤣🤣🤣

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:

 /  🏆 2. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines