During the 2016 campaign, Donald Trump famously refused to release his tax returns. We may have just found out why – a New York Times report is accusing Trump of shady and possibly fraudulent tax practices.
The report claims that in the 90’s, Trump and his siblings used a ‘sham corporation’ hide millions in gifts from his parents, which helped his parents dodge paying taxes.
The report also suggests Trump received significant financial help from his father, receiving more than $1 million a year after graduating from college.
A Trump lawyer called the NYT report “extremely inaccurate”.
Source: https://www.nytimes.com/interactive/2018/10/02/us/politics/donald-trump-tax-schemes-fred-trump.html
