17
Wednesday
October 2018
2:43 AM IST
News Headlines
Home   | Main News   | Kerala  | National   | International  | Business   | Sports   | Entertainment   | Columns   | Offbeat   | About Deepika 
International News
NYT accuses Trump of engaging in suspect tax schemes
 
Washington, Oct 3 (PTI) A top American daily has alleged that President Donald Trump was engaged in suspect tax schemes as he reaped riches from his father Fred C Trump, the legendary New York City builder.

In its investigative lead story, The New York Times said that Trump, who assumed office of the President of the United States in January, 2017, won the presidency proclaiming himself as a self-made billionaire, and he has long insisted that his father, Fred Trump, provided almost no financial help.

"But The Times' investigation, based on a vast trove of confidential tax returns and financial records, reveals that Mr Trump received the equivalent today of at least USD 413 million from his father's real estate empire, starting when he was a toddler and continuing to this day," the daily claimed.

Much of this money, the daily claimed, came to Trump because he helped his parents dodge taxes.

"He and his siblings set up a sham corporation to disguise millions of dollars in gifts from their parents, records and interviews show. Records indicate that Mr Trump helped his father take improper tax deductions worth millions more," the daily alleged.

"He also helped formulate a strategy to undervalue his parents' real estate holdings by hundreds of millions of dollars on tax returns, sharply reducing the tax bill when those properties were transferred to him and his siblings," it said. adding that these maneuvers met with little resistance from the Internal Revenue Service.

The White House expressed its outrage over the news report and demanded an apology from NYT.

"Fred Trump has been gone for nearly 20 years and it's sad to witness this misleading attack against the Trump family by the failing New York Times," White House Press Secretary Sarah Sanders said.

"Many decades ago the IRS reviewed and signed off on these transactions. The New York Times' and other media outlets' credibility with the American people is at an all-time low because they are consumed with attacking the president and his family 24/7 instead of reporting the news.

"The truth is the market is at an all-time high, unemployment is at a 50-year low, taxes for families and businesses have been cut, wages are up, farmers and workers are empowered from better trade deals, and America's military is stronger than ever, yet the New York Times can rarely find anything positive about the president and his tremendous record of success to report," she said.

"Perhaps another apology from the New York Times, like the one they had to issue after they got the 2016 election so embarrassingly wrong, is in order," Sanders said.


Flash floods kill at least 13 people in southwest France
Prince Harry and wife Meghan expecting first baby next year
Death Toll in Afghanistan Election Rally Blast Climbs to 22
Kabul voters wrestle with newspaper-sized ballot paper
Turkey has proof Saudi writer Jamal Khashoggi was killed: Report
Hurricane Michael in US kills 11
At least 31 dead after Uganda 'landslide': official
EU officials warned to prepare for no-deal Brexit
China hails Nikki Haley for maintaining dialogue with it at UN
Nikki Haley resigns as US Ambassador to UN
Not only banks, Nirav Modi also defrauded individuals with fake diamonds
China says former Interpol chief accepted bribes
50 killed, 100 burnt in oil tanker road crash in DR Congo: Official
Pompeo eyes progress over Trump-Kim summit on Asia trip
Khaleda Zia admitted to specialised state-run hospital
DR Congo's Dr Mukwege and Yazidi campaigner Murad win Nobel Peace Prize
Trump taps Indian-American to head nuclear energy division
Mattis: Russia violation of missile treaty 'untenable'
60 migrants feared drowned in Guinea-Bissau capsize
US First Lady Melania Trump touches down in Africa
ENTERTAINMENT NEWS
Mohanlal's Odiyan: Official trailer launched
 Finally the wait is over. The much awaited Mohanlal film Odiyan's trailer has been released.
 
Mammootty narrates Odiyan's intro?
Sradha Kapoor as Saina Nehwal: First look poster is out.
Keerthy Suresh and Kalyani Priyadarshan joins Marakkar
KERALA NEWS
Sabarimala row: Protests against SC verdict continue
 Thiruvananthapuram: Members of the Opposition Congress and BJP in Kerala Friday staged demonstration
Balabhaskar's wife Lakshmi shifted to ICU
Idukki dam's one shutter opened
Eight pacts signed after Modi-Putin summit
NATIONAL NEWS
Polling underway for last phase of municipal polls in J-K
 Srinagar: Polling was underway for the fourth and last phase of municipal elections in Jammu and Kas
Minister MJ Akbar Sues Journalist For Defamation Over #MeToo Allegations
Goa Congress Calls Cabinet Meeting in AIIMS 'Desperate Drama', Demands Parrikar's Resignation
‘Flogging a dead horse’: BJP’s comeback on Rahul’s attack on Rafale
Untitled Page
Rashtra Deepika LTD
Copyright @ 2018 , Rashtra Deepika Ltd.