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trump owes china millions

Discussion in 'BBS Hangout: Debate & Discussion' started by NewRoxFan, Apr 24, 2020.

  1. NewRoxFan

    NewRoxFan Member

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    OK... but isn't the Supreme Court case ruling on whether Deustche Bank has to provide the financial records so that the states can proceed with their case against trump?
     
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  2. rocketsjudoka

    rocketsjudoka Member

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    There are so many scandals and cases swirling Trump it is hard to keep track. I was thinking of suit that Congress has access to Trump's tax returns.

    Regarding the Deustche Bank case I'm less familiar with it. Is the argument that only the Federal courts can decide on a matter involving a foreign bank?
     
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  3. pgabriel

    pgabriel Educated Negro

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    I know the story I posted in the thread. I think those numbers weren't confirmed.
     
  4. adoo

    adoo Member

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    glad that you mention PRC's state-owned Bank of China; Trump Co's dealing w the Bank of China goes back to 1994



    in view of Trump's financial ties w the Bank of China, one can understand POTUS's action on ZTE

    ZTE was sanctioned for selling sensitive US technology yet Trump still lifted sanctions. He did so the same week that the PRC allowed several copyrights on Ivanka brands to proceed and invested half a billion into a Trump branded project in Indonesia.​
     
    #44 adoo, Oct 19, 2020
    Last edited: Oct 19, 2020
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  5. adoo

    adoo Member

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    Tax records show Trump maintains Chinese bank account


    President Donald Trump's tax records show he has pursued expansive business projects in China for years and even maintains a Chinese bank account, The New York Times reported Tuesday, disclosures that deal a blow to the President's efforts to paint Democratic nominee Joe Biden as the presidential candidate who is soft on China.

    An analysis of Trump's tax records by the Times shows that the President holds a previously unreported bank account in China that was not included on his public financial disclosures because it is held under a corporate name. Trump also maintains bank accounts in Britain and Ireland.

    Trump Chinese bank account, the newspaper said, is controlled by
    Trump International Hotels Management and
    it paid $188,561 in taxes in the country from 2013 to 2015.​

    While the tax records don't show how much money has moved through Trump's foreign accounts, the Internal Revenue Service mandates that filers disclose the portions of their incomes coming from foreign countries. Trump International Hotels Management reported only a few thousand dollars from China.

    ,,,,,,

    the President's tax records show he has invested at least $192,000 in five companies established to pursue projects in China over multiple years, according to the Times. Since 2010, the companies have claimed at least $97,400 in expenses, the newspaper said. The new details gleaned from Trump's tax records build on a previous New York Times report that detailed how the President paid no federal income taxes whatsoever in 10 out of 15 years beginning in 2000 because he reported losing significantly more than he made. In both the year he won the presidency and his first year in the White House, Trump paid just $750 in federal income taxes, the Times reported.


    https://www.cnn.com/2020/10/20/politics/trump-china-taxes-financial-records/index.html
     
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  6. pgabriel

    pgabriel Educated Negro

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    • OH NO
    A CHINESE BANK ACCOUNT


    Seriously two threads and a bump?
     
    #46 pgabriel, Oct 21, 2020
    Last edited: Oct 21, 2020
  7. NewRoxFan

    NewRoxFan Member

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    Wow... all the efforts to accuse Biden of what trump himself was and is still doing! Amazing that trump is in hock with so many other countries. And that he paid more in taxes to China than he did to the United States.
     
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  8. adoo

    adoo Member

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    there is a good chance that China would be willing to forgive that loan,

    if Trump would spill US National secrets, quid pro quo
    i would not be surprised if the less-than-stellar business man / aka the dotard will take up on the offer
     
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