Repub­li­can nom­i­nee fac­ing ques­tions

7 Days in Dubai - - GLOBAL NEWS -

Don­ald Trump’s busi­ness losses in 1995 were so large that they could have al­lowed him to avoid pay­ing fed­eral in­come taxes for as many as 18 years, ac­cord­ing to records ob­tained by The New York Times.

In a story pub­lished on­line, the Times said it anony­mously re­ceived the first pages of Trump’s 1995 state in­come tax fil­ings in New York, New Jersey and Con­necti­cut.

The fil­ings show a net loss of $915,729,293 in fed­eral tax­able in­come for the year.

That Trump was los­ing money dur­ing the early to mid-1990s – a pe­riod marked by bank­rupt­cies and poor busi­ness de­ci­sions – was al­ready well es­tab­lished. But the records ob­tained by the Times show losses of such a mag­ni­tude that they po­ten­tially al­lowed Trump to avoid pay­ing taxes for years, pos­si­bly un­til the end of the last decade.

Trump’s cam­paign later re­leased a state­ment lash­ing out at the Times for pub­lish­ing the records and ac­cused the news- pa­per of work­ing to ben­e­fit the Repub­li­can nom­i­nee’s pres­i­den­tial ri­val, Demo­crat Hil­lary Clin­ton. “The New York Times, like es­tab­lish­ment me­dia in gen­eral, is an ex­ten­sion of the Clin­ton cam­paign, the Demo­cratic Party and their global spe­cial in­ter­ests,” the cam­paign said, call­ing Trump “a highly skilled busi­ness­man who has a fidu­ciary re­spon­si­bil­ity to his busi­ness, his fam­ily and his em­ploy­ees to pay no more tax than legally re­quired”. The state­ment added that Trump had paid “hun­dreds of mil­lions” of dol­lars in other kinds of taxes over the years. Clin­ton’s cam­paign man­ager, Robby Mook, used the Times story to nee­dle Trump. Mook said Trump ap­par­ently avoided pay­ing taxes for two decades “while tens of mil­lions of work­ing fam­i­lies paid theirs. He calls that ‘smart’”. Mook said: “Now the gig is up, why doesn’t he go ahead and re­lease his re­turns to show us all how ‘smart’ he re­ally is?”

Vis­i­tors check out a DIY pedal-pow­ered wooden car at the 2016 Ber­lin Maker Faire in Ber­lin, Ger­many. The Maker Faire com­bines a trade fair with hands-on op­por­tu­ni­ties and work­shops for both chil­dren and adults to ex­plore a wide realm of new tech­nolo­gies and do-it-your­self projects.


Newspapers in English

Newspapers from UAE

© PressReader. All rights reserved.