Trump’s Panama company evaded tax, claims former partner

US President Donald Trump. Picture: REUTERS/Jonathan Ernst

The accusations were contained in a court filing on Monday by Orestes Fintiklis and his fund, Ithaca Capital Investments, as part of a lawsuit against Trump International Hotels Management. Ithaca assumed control of the property after Trump withdrew from it in March 2018, and a bitter feud over the development has ensued.

“The Trump Organisation did not evade any taxes,” the president’s company said in a statement. “To the extent any taxes were to be withheld, it was the responsibility of the condominium that owns the hotel. The Trump Organisation’s only role was to manage the property.” After the failure of Trump-licensed housing complexes in Fort Lauderdale and Tampa, Florida, for instance, aggrieved partners sued, claiming dodgy tactics. In another case, a group of investors sued Trump, his namesake company and his three eldest children in 2018 alleging they were duped out of hundreds of thousands of dollars by a Trump-promoted multilevel marketing scheme. Trump-branded projects in Mexico, Georgia and Azerbaijan have failed.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China to create company blacklist as US trade war escalatesChina said it would release a blacklist of 'unreliable' foreign companies and individuals.
Source: eNCA - 🏆 49. / 51 Read more »

David Cameron to chair advisory board of AI company AfinitiAfiniti, a company set up by Zia Chishti, a US-Pakistani entrepreneur, specialises in the use of AI in call centres
Source: BDliveSA - 🏆 12. / 63 Read more »

PIC has no record for R4bn investment into obscure oil exploration companyInvestment was made in obscure company with links to the ANC and former president Zuma BandiMchunu No leadership/captain whatsoever in that ship. Incredible! How many people were involved? Don’t think R4bn gets released by 1 rogue person? How is this, less of an outrage, than someone insulting another? I don't see the outcries....
Source: BDliveSA - 🏆 12. / 63 Read more »

OP-ED: Managing a state-owned company is an egg dance that demands creative politickingWhen it comes to running state-owned companies and enterprises, to succeed, executives and board chairpersons must have strong managerial and leadership skills. They also must be able to creatively manage and play the political game. Nope. That is precisely the problem. It is a business. Run it like one, and take the politics out.
Source: dailymaverick - 🏆 3. / 84 Read more »

Apple CEO says U.S. scrutiny 'fair,' but rejects idea company is a monopolyApple Inc Chief Executive Tim Cook denied that the company is a monopoly as the U.S. government gears up for a potentially unprecedented probe into whether the iPhone maker and other technology giants are misusing their massive market power.
Source: SowetanLIVE - 🏆 13. / 63 Read more »

KZN trucking companies outraged over attacks on drivers | IOL NewsTrucking companies said they would not tolerate attacks on their drivers, following the torching of 17 trucks in KwaZulu-Natal at the weekend. Attacking of drivers is wrong. The companies on the other side knows what they need to do. They need to do the right thing. Govt inability to curb this type of anarchy on a major SA National road, one of the busiest in the country, speaks volumes about the capabilities of SAPoliceService DoTransport deptoflabour HomeAffairsSA SSA SALTruckers Recent arson and deadly rock throwing attacks around TouwsRiver, had nothing to do with Xenophobia, since victims were SA drivers.. Looters Criminal thugs also see an opportunity to pounce on innocent TruckDrivers.
Source: IOL - 🏆 46. / 51 Read more »

State companies are 'slaughterhouses' for black executives: BMF slams government'However, SOCs have become a slaughterhouse for skilled black leaders and executives whose reputations get tarnished because of factors that are beyond their control.' Like 21 CEO's in 10 years ? And they are more bankrupt than before ? Ja riiiiight! Nice try . 😂😂😂😂 Fokken BMF morons 🙄 They'll squeal like stuck pigs when WHITE CEOs are appointed, so what is their constructive proposal ? They are also a feeding trough for the AMC connected elite
Source: SundayTimesZA - 🏆 47. / 51 Read more »

Ethiopian churches oppose gay travel company's tour plansReligious leaders in Ethiopia have urged the government to block a US gay travel company from touring the country's ancient sites. To be gay it's not a life style it's a disability,but now gay people make it a life style to create Sodom and Gomorrah.
Source: eNCA - 🏆 49. / 51 Read more »