The Attorney General of New York has sent a subpoena to the Trump organization for records related to the consulting fees paid to Ivanka Trump. Law enforcement officials said Thursday as part of an extensive civil investigation into the president’s commerce.
The New York Times, citing anonymous sources, reported that a similar summons was sent to President Donald Trump’s company by the District Attorney Manhattan, who is conducting a parallel crime investigation.
The request for records is based on Trump’s 20-year tax return, which recently said The Times reduced the company’s income tax debt over the years by the president deducting a $ 26 million consulting fee as a project cost. Following the report.
According to records, The Times strongly suggests that $ 747,622 of these fees were paid through a company owned by the president’s daughter, Ivanka Trump, who was also an executive at the Trump Organization. ..
If so, as long as she pays income tax on her publicly reported consulting payments, it may not necessarily be a problem for Ivanka Trump herself...
However, it may raise questions about whether the relevant tax deductions of the Trump organization are acceptable. The Internal Revenue Service has pursued civil penalties in the past for the amortization of large consulting fees that were found to have been done to avoid tax obligations.
The Times wrote that there were no signs that Ivanka Trump was the subject of a state or city investigation.
“This is pure and simple harassment,” she said on Twitter late Thursday. “This’investigation’by Democrats in New York is 100% motivated by politics, publicity and anger. They are well aware that there was nothing here and that there were no tax incentives. These politicians are simply ruthless. “
According to the Associated Press, James and Manhattan District Attorney Cyrus Vance Jr. are both Democrats and are conducting extensive research into Trump’s business.
In both surveys, news reports and former Trump presidential attorney Michael Cohen have inflated the value of some assets to impress banks and business partners, but when seeking taxes Benefits that are at least partially related to the claim of lowering.
Vance was involved in a long court battle seeking access to Trump’s tax returns as part of an investigation and was eventually brought to the US Supreme Court.
Trump is targeting Michigan as Biden remains the winner in Georgia – LiveUpdate | US News
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