17
Monday
December 2018
8:34 PM IST
News Headlines
Sri Lanka: Ranil Wickremesinghe takes oath as PM after SC verdict on crisis        Cambodia seizes record 3-tonne haul of African ivory        PV Sindhu scripts history, clinches maiden BWF Tour Finals title        Virat Kohli slams record-breaking 25th Test ton in Perth        Trump's son-in-law Jared Kushner possible next chief of staff: US media        Sri Lanka PM Mahinda Rajapaksa to resign, says his son after court setback        Rahul Gandhi After Rafale Verdict: "Will Prove PM Helped Anil Ambani"        Author Amitav Ghosh Honoured With 54th Jnanpith Award        Supreme Court sees no wrongdoing in Rafale deal, rules out probe        India bowled a little bit short, Australia pacers could benefit: Border        ISL: FC Goa thrash NorthEast United 5-1        BWF World Tour Finals: PV Sindhu, Sameer Verma Register Easy Wins To Enter Semifinals        Diving legend says HIV-contracted friend inspired him to Olympic gold        India beat Pakistan to reach final of Emerging Teams Asia Cup        Boosting exports key to make India $5-tn economy by 2025: Kant        Prabhu, US Commerce Secretary to discuss trade issues on Feb 14        Ceasefire for key Yemen port agreed at peace talks: UN        Britain's May sees no 'immediate breakthrough' at EU        Poll results prove Ram Temple or communal polarisation doesn't cut ice with people: Sinha        Ashok Gehlot appeals to Cong workers in Raj to maintain peace        
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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.


Sri Lanka: Ranil Wickremesinghe takes oath as PM after SC verdict on crisis
Cambodia seizes record 3-tonne haul of African ivory
Trump's son-in-law Jared Kushner possible next chief of staff: US media
Sri Lanka PM Mahinda Rajapaksa to resign, says his son after court setback
Ceasefire for key Yemen port agreed at peace talks: UN
Britain's May sees no 'immediate breakthrough' at EU
Khashoggi, other journalists named Time 'Person of the Year'
May tours Europe in desperate bid to save Brexit deal
Trump's potential next chief of staff pick leaving White House
UK PM faces fight for her political life in Brexit deal
Iran arrests 10 over suicide attack on police
Trump chooses new Joint Chiefs of Staff chairman, against Mattis wishes
Merkel gets boost with ally's party win
Rouhani warns weakened Iran less able to fight trafficking
Trump may nominate Heather Nauert as UN Ambassador: Reports
Qatar injects more cash into Gaza for Hamas employees
Singer Mika Singh Detained in Dubai for Sending Obscene Messages to 17-year-old: Reports
Conditions Met for Assange to Leave Embassy in London, Says Ecuador President
Pakistan slashes non-salary budget by 10%
Moscow dismisses 'groundless' US claim Russia breaching arms treaty
ENTERTAINMENT NEWS
Vaikom Vijayalekshmi ties knot with Anoop
 Vaikom: Playback singer Vaikom Vijayalekshmi has tied knot with Anoop N. at Vaikom Mahadeva temple.  
Mohanlal's Odiyan: Official trailer launched
Mammootty narrates Odiyan's intro?
Sradha Kapoor as Saina Nehwal: First look poster is out.
KERALA NEWS
Activist Rehana Fathima, Who Attempted Sabarimala Trek, Arrested Over Facebook Post
 (Kochi, Nov 28, 2018): Model and activist Rehana Fathima, who tried to reach Kerala's Sabarim
Good news for Keralite Nurses: IELTS cut-off reduced to 6.5
BJP leader K Surendran, 71 others granted bail
Sabarimala protests: Arrests up to 2061, Kerala HC warns police
NATIONAL NEWS
Rahul Gandhi After Rafale Verdict: "Will Prove PM Helped Anil Ambani"
 (New Delhi, Dec 14, 2018):Hours after the Supreme Court's clean chit to the government on the
Author Amitav Ghosh Honoured With 54th Jnanpith Award
Poll results prove Ram Temple or communal polarisation doesn't cut ice with people: Sinha
Ashok Gehlot appeals to Cong workers in Raj to maintain peace
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