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Tuesday, The New York Times published a massive, multi-year survey on Donald Trump, the results that revealed that the president is an honest man who was treated in a totally unfair manner by impartial pressure to put him to death for the crime of earn first degree. I'm joking, of course: the article confirmed the long-standing suspicion that the former real estate developer was a serial fraud (presumed!), Exposing the many disadvantages that led to the creation of its own bill of billions of dollars. fortune. This is perhaps the most spectacular claim that emerges from the Time14,000 words treaty, journalists David Barstow, Susanne Craig, and Russ Buettner disguised evidence that Trump's family avoided – or avoided – taxes for decades, using potentially illegal maneuvers, ranging from abusive inferences to a false corporation whose sole purpose was to siphon millions of dollars to Trump and his brothers and sisters just a happy byproduct). What are we doing now?
On the night of Tuesday to Friday, the New York State Tax and Finance Department, in charge of investigating tax evasion, announced that it had opened an investigation into the alleged acts described by the tribunal. Time, and is actively pursuing all appropriate investigative means. Given that many of these acts took place decades ago and have passed the statute of limitations, it is highly unlikely that the Queens Prince's Dauphin will be charged with criminal charges. Despite the president's apparent belief that you can not be held responsible for things that happened years ago, there is no statute of limitations for civil fines for tax evasion. And although it has been pointed out that the diagrams detailed by the Time are just smart "tax arbitrage"That any rich man worthy of the name would be at the very According to my experts, some of these methods seem to be what the layman would call scams– the kind that the law actually prohibits.
"It certainly appeared in the play that tax evasion schemes [described] goes far beyond what the law allows, "said Renato Mariotti, a former federal prosecutor who handled tax matters. "In the case of all counties [Building Supply & Maintenance]"The company was created to channel Trump's children's money by annotating the purchases already made," it's a simple fraud. "The situation in the whole county is" cheeky and unsophisticated ". Lee-ford Tritt, law professor at the University of Florida and expert in tax law on donations and estates, said that [the maneuvers detailed] shock and push the lawlessness and that "many very wealthy Americans would not do what they did. "While Trump's lawyer said at the Time that no fraud has been committed (but that if it was the case, you can not blame the president for other people take care of it), and his brother stated in a statement that "all the proper income and inheritance returns were filed, and the required taxes were paid," former US Deputy Attorney John Marston was not so sure. "Tax is an area that is often successful for the state and prosecutors because you have to sign this statement [yourself]while at other times you can often call on other people, "he told me.
While no one to whom we spoke had planned that the I.R.S. would open a probe in the Times & # 39; Mariotti pointed out that otherwise the federal agency would be embarrassed. "The head of I.R.S works for the president, so I do not expect to [them] to investigate anytime soon, "he said. "On the other hand, this could pose a political problem to Trump 's administration if New York investigates and recovers a certain amount of money. Crain's, there is potentially a lot of money on the table – enough to build a whole neighborhood full of golden penthouses where the good taste will die:
On the basis of the figures provided in the Time According to the article, trumps could represent $ 210 million in taxes on donations or inheritance taxes and a similar amount of interest and unpaid penalties. Fred Slater, a C.P.A. who has been advising real estate professionals for over 40 years. Janis Cowhey, a trusted and successful partner and manager of the modern family group of accounting company Marcum, agreed that Slater's estimate was sound.
Slater added that President Trump could be held more accountable than his sisters and brother because, as administrator, he had signed the estate tax returns. The state's tax and finance department said it "vigorously pursued all appropriate investigative means".
"The state is mean about this stuff," said Slater, who is familiar with the techniques allegedly used by Trumps to minimize their taxes.
According to Tritt, "it is enough that New York gives the impression of making progress, and the I.R.S. [might feel pressure to] We are talking about a lot of money here and the principle: it's the president of the United States and a federal judge.[LasoeurdeTrump[Trump'ssister[LasoeurdeTrump[Trump’ssisterMaryanne Trump Barry]. Can you imagine the I.R.S. get out of all this money and let people get away with tax evasion? It just looks horrible.
Of course, tax evasion and horror (not to mention corruption and crimes against grammar) are rather characteristic of the Trump administration, which means it would not be surprising if the consequences for the president were equivalent. . . basically nothing. In addition, there is a series of recent budget cuts that hinder the IRS, to the point that a former senior law enforcement official told ProPublica this week: "I think Thousands of people have US tax obligations and do not comply with US tax laws, "which augurs well for the current White House resident.
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Trump hires "all the best people", part 837,135
Meet Andrew Saul, the president's candidate to head the Social Security Administration:
Like other nominees at Trump, Saul has no experience in the field he was chosen to lead. He has, however, served on the board of directors of the Manhattan Institute for Policy Research, a right-wing think tank whose guest members [include] Abigail Thernstrom, A political scientist who believes that affirmative action programs prepare black children for failure and that racial barriers in America have been eliminated when the president Barack Obama was elected.
There is also an incident in which Saul apparently tried to pretend to be a police officer after an intrusion (Saul did not return N.Y.D.N.The call for comments), not to mention the fact that the think tank of which he is a member called for drastic reductions in Social Security benefits. Which, obviously, makes it perfect for the job.
JPMorgan: Get ready for a "full-fledged trade war"
The bank does not see China or Trump, who said Monday that opponents of its tariffs were "babies", backtracking, according to a note obtained by Bloomberg:
The conflict between the world's two largest economies will only intensify as the United States caps tariffs on imports from China, the dollar strengthens and the yuan gets stronger. weakens more. Pedro Martins Jr., Rajiv Batra, and Sanaya Tavaria wrote in a report, lowering their recommendation on actions to neutralize their overweight. The $ 4.9 billion iShares China Large-Cap E.T.F fund fell to a two-week low.
"A generalized trade war is becoming our new base scenario for 2019," writes the strategists. "There is no clear sign of a mitigating confrontation between China and the United States in the short term."
Somewhere else!
Bernie Sanders calls the big banks to separate (Axios)
Toys "R" Us could have a second life (Axios)
Pots Producer Tilray Seeks $ 400 Million Debt Sale (Bloomberg)
Amazon warehouse workers lose bonuses, shares for raises (Bloomberg)
Kanye West stands on the table Elon Musk at the C.C.S. in Detroit (Detroit Free Press)
The government demands a sentence of almost 20 years imprisonment for a fraudster Festival Fyre Billy McFarland, "The consumed conman" (N.Y.D.N.)
The $ 500 million robbery of the central bank and its failure (W.S.J.)
The Supreme Court, missing a judge, considers a trucking case that could shake the economy (CNBC)
A naked Florida man tries to start a fighting club at Chick-fil-A (News4)
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