The New York Times Causes More Tax Drama for Trump
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President Trump’s tax returns are once again a cause of grief for his election campaign as The New York Times claims the president paid more taxes to the Chinese government than he has to the U.S.
The Times reported that a previously unknown Chinese bank account controlled by Trump International Hotels Management L.L.C shows that $188,561 in taxes was paid in China from 2013 to 2015.
This news has been causing a stir as his taxes were earlier leaked by the New York Times in September, which stated that the President only paid $750 in 2016 and another $750 in 2017. The Times did not reveal their source on the data and Trump’s lawyer called the report false. In addition, Trump claimed in the first presidential debate that he’s paid millions in taxes.
While the account was previously not mentioned, a lawyer for the Trump Organization said that the account is held under a corporate name and would not have been listed in the President’s financial disclosures as it is not considered a personal asset. It was also stated that the account has been inactive since 2015.
The reports of Trump’s Chinese bank account comes just 13 days before the presidential election and days after the president demanded in a tweet that Hunter Biden be investigated for his business dealings with the Bank of China and the $1 billion investment fund they created called Bohai Harvest RST (BHR).
The final debate between presidential candidates will be held at Belmont University in Nashville on Thursday, Oct. 22 at 6:00 p.m. PST and will be broadcasted live on most major television networks.