Marilyn MonHoe 11,011 Posted July 8, 2019 Share Posted July 8, 2019 From suspicions of money laundering, to watching his name vanish from the building’s facade, President Donald Trump’s former property in Panama has long served as one of the main headaches for the president’s ongoing business struggles since his ascension to the presidency. Now, an ongoing lawsuit threatens to open a new chapter in the saga of the former Trump Ocean Club property — and fresh questions about the building’s finances. The building, over which Ivanka Trump helped oversee construction and development, transferred to new owners last year, with Trump’s name being removed wholesale from the building. Led by majority owner Orestes Fintiklis, the new owners recently filed a lawsuit in the Southern District of New York alleging that they’d uncovered financial records showing that the Trump Organization had spent years dodging Panamanian taxes. As The Washington Post summarized: "In the filing, Fintiklis does not give a dollar figure for the amount of taxes Trump allegedly evaded. But he says his company could now face “millions of dollars in liability” if Panama demands that it pay the taxes Trump did not. Fintiklis also asserts that the Panamanian authorities have audited the hotel’s books and “identified the failure to withhold and pay income taxes relating to Trump’s management fees.” The filing claims that the Trump Organization lied about salary expenses, amid other financial shenanigans, in order to limit its tax burden. Fintiklis added that the Trump Organization misled his company prior to the purchase, claiming that the building stood at the fore of Panama’s luxury hotel market — even though, the Post added, Fitinklis said it was in reality “falling to the bottom of the market.” (The Trump Organization has denied the allegations.)" The debate over keeping all documents in the ongoing dispute about potential tax evasion confidential is just the latest in a line of bizarre developments surrounding the former Trump Ocean Club property. Not only has the building been credibly accused as the site of massive money laundering operations, but last year a management scuffle broke out at the building, with the new management kicking out the Trump Organization wholesale. Shortly thereafter, a Panamanian law firm representing the Trump Organization issued a letter to then-Panamanian President Juan Carlos Varela threatening potential “repercussions” to Panama if the government didn’t intervene on behalf of the Trump Organization. All of these developments culminated last October in the public removal of Trump’s name from the front of the building, the latest blow to both the president’s brand and his standing abroad. Source: https://thinkprogress.org/lawsuit-trump-tax-evasion-panama-19d2a4903f7b/ Imagine supporting this criminal Link to post Share on other sites More sharing options...
Economy 53,004 Posted July 8, 2019 Share Posted July 8, 2019 Link to post Share on other sites More sharing options...
Pacify Him 9,073 Posted July 8, 2019 Share Posted July 8, 2019 Every rich person evade taxes all the time. I’m getting on your nerves Link to post Share on other sites More sharing options...
uo111 5,283 Posted July 8, 2019 Share Posted July 8, 2019 8 minutes ago, Pacify Him said: Every rich person evade taxes all the time. And it's illegal all the time. Link to post Share on other sites More sharing options...
TheRealJT 2,291 Posted July 8, 2019 Share Posted July 8, 2019 12 minutes ago, uo111 said: And it's illegal all the time. Yes!!! That’s the attitude we need to have! No one is above the law! Link to post Share on other sites More sharing options...
Pacify Him 9,073 Posted July 8, 2019 Share Posted July 8, 2019 14 minutes ago, uo111 said: And it's illegal all the time. Exactly I’m getting on your nerves Link to post Share on other sites More sharing options...
PunkTheFunk 125,719 Posted July 8, 2019 Share Posted July 8, 2019 I've become so densensitized to headlines about Trump at this point "Trump sued for tax evasion" elicits the same reaction as "Clear skies tomorrow; rain forecasted for evening" Link to post Share on other sites More sharing options...
JusKeepBreathin 19,311 Posted July 8, 2019 Share Posted July 8, 2019 1 hour ago, Economy said: Watch him shake it off and his approval numbers grow even more. It's like disgusting at this point. "Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity." -Martin Luther King Jr. Link to post Share on other sites More sharing options...
DeleteMyAccount 11,881 Posted July 8, 2019 Share Posted July 8, 2019 1 hour ago, Pacify Him said: Exactly Nah, you were making an excuse. Link to post Share on other sites More sharing options...
Lion Heart 15,041 Posted July 8, 2019 Share Posted July 8, 2019 What an awful day for Trump: -Women's USA Team wins. -Men's USA Team loses to MEXICO. -Get's sued for Tax Evasion. Trump rn: ▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀▄▀ Link to post Share on other sites More sharing options...
DC 25,164 Posted July 8, 2019 Share Posted July 8, 2019 Oh boy Link to post Share on other sites More sharing options...
SissyFromSpace 20,884 Posted July 8, 2019 Share Posted July 8, 2019 lock him up! Barbie elitist - Weaboo - Sissy Link to post Share on other sites More sharing options...
Marilyn MonHoe 11,011 Posted July 8, 2019 Author Share Posted July 8, 2019 8 hours ago, PunkTheFunk said: I've become so densensitized to headlines about Trump at this point "Trump sued for tax evasion" elicits the same reaction as "Clear skies tomorrow; rain forecasted for evening" Imagine how we Americans feel, at least the ones that are sane Link to post Share on other sites More sharing options...
mindless 738 Posted July 8, 2019 Share Posted July 8, 2019 37 minutes ago, Marilyn MonHoe said: Imagine how we Americans feel, at least the ones that are sane Have you ever thought of leaving the US for another country? Link to post Share on other sites More sharing options...
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