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That Bombshell Report on Trump's Taxes May Spark an Investigation by New York Tax Authorities

Source: fortune.com - Oct 3, 2018

On Tuesday the New York Times dropped an investigative bombshell: President Donald Trump got at least $413 million from his father’s real estate empire, much of it through “dubious tax schemes…including instances of outright fraud.”

If true, the allegations not only belie Trump’s assertion that his father, Fred Trump, provided only minimal assistance in his rise to billionaire-dom—they also raise legal questions. And those questions have caught the attention of the New York State Tax Department.

“The Tax Department is reviewing the allegations in the New York Times article and is vigorously pursuing all appropriate avenues of investigation,” department spokesman James Gazzale told Bloomberg.

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Category: General Business