Donald Trump commits tax evasion! Allegedly paying more tax in India than in US - Newztezz Online


Monday, September 28, 2020

Donald Trump commits tax evasion! Allegedly paying more tax in India than in US

 In the year Donald Trump was elected President of the United States in 2016 (fiscal year 2016-17), he paid only 50 750 (about Rs. 55,000) in taxes in the United States. Meanwhile, his companies paid 1, 1,45,400 (about Rs 1,05 crore) in taxes in India. Now, when Trump is running for president for a second time, the issue of taxes has arisen. Trump became the President of the United States in 2016 by defeating the Democratic candidate Hillary Clinton. His victory took everyone by surprise.

According to a New York Times report, 'Donald Trump paid 7 750 in federal income tax the year he won the presidency. He paid another 50 750 in his first year at the White House.

According to the report, 10 out of the last 15 years he has not filed any tax. It has been clarified by him that he has lost more than he has earned. Donald Trump, on the other hand, has rejected the report. He called it fake news. "I have paid taxes," he said. You will see my tax returns soon. It is currently being audited. He has been in the audit for a very long time. '

It is not necessary for the President of the United States to disclose his personal finances. But from Richard Nix (1969-74) the President began the tradition of making personal financial transactions public, which continued until Barack Obama (2008-16). However, Donald Trump broke this tradition. Trump's tax return was also an important issue in the 2016 election.

The New York Times report comes just before the traditional presidential debate over the presidential election. The first debate is scheduled for September 29 in Ohio. The second debate will take place on October 15 and the third debate on October 22.

Meanwhile, Donald Trump has been targeted by Democratic candidate Joe Biden's campaign. Democrats have criticized Trump's behavior on social media. It says Trump is the first US president since the 1970s not to file a tax return. However, it is not legally necessary to do so, but Trump broke with American tradition.

Trump also filed lawsuits against those trying to gain access to his tax returns. That includes the U.S. House, which received Trump's tax returns as part of a congressional oversight.

The report reveals that in the first two years of his tenure, Trump earned 7. 73 million, most of which came from golf properties in Scotland and Ireland. Some of the revenue came from licensing deals in countries such as the Philippines (30 3 million), India (23 2.3 million) and Turkey (10 1 million).

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