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Politics White House blasts New York Times over Trump tax story

04:55  03 october  2018
04:55  03 october  2018 Source:   thehill.com

New York state tax department reviewing fraud allegations involving Trump in NYT article

  New York state tax department reviewing fraud allegations involving Trump in NYT article The New York Times reported on Tuesday that Trump and his family committed "instances of outright fraud" in order to transfer millions of dollars from the real estate empire of the president's father, Fred Trump to his children without paying the appropriate taxes. "The Tax Department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation," a spokesman from the New York State Department of Taxation and Finance said in an email to CNBC.

The White House on Tuesday blasted The New York Times for publishing a story saying President Trump used "dubious" tax schemes during the The Times 's report detailed a litany of suspicious tax practices used by Trump and his family members, including that they established a "sham"

The White House on Tuesday blasted The New York Times for publishing a story saying President Trump used “dubious” tax schemes during the 1990s “Fred Trump has been gone for nearly twenty years and it’s sad to witness this misleading attack against the Trump family by the failing New York

Donald Trump wearing a suit and tie© Provided by The Hill

The White House on Tuesday blasted The New York Times for publishing a story saying President Trump used "dubious" tax schemes during the 1990s to gain millions of dollars from his father's real estate empire.

In a statement, White House press secretary Sarah Huckabee Sanders dismissed the bombshell report as a "misleading attack" on the Trump family but stopped short of denying its claims.

"Fred Trump has been gone for nearly twenty years and it's sad to witness this misleading attack against the Trump family by the failing New York Times," the statement reads, referring to the president's father. "Many decades ago the IRS reviewed and signed off on these transactions."

New York state tax department reviewing fraud allegations involving Trump in NYT article

  New York state tax department reviewing fraud allegations involving Trump in NYT article За нарушение фитосанитарных требований Евразийского экономического союза в отношении грузополучателя возбуждено дело об административном правонарушении.

The Failing New York Times did something I have never seen done before. But Sarah Huckabee Sanders, the White House press secretary, had some praise for the New York Times investigation into the Trump family’s tax schemes.CreditCreditManuel Balce Ceneta/Associated Press.

House Democrats, anticipating an increasingly likely legal fight over the Ways and Means action, have also taken steps to open a side door into Mr. Trump ’s finances. Mr. Trump has defied modern political norms and refused to release any of his tax returns.CreditErin Schaff/The New York Times .

While the statement was issued under Sanders's name, it included a litany of Trump-style attacks on the Times and other media outlets. It asserted that the media's "credibility with the American people is at an all time low because they are consumed with attacking the president and his family 24/7 instead of reporting the news."

The statement also repeated a claim Trump has made, without evidence, that the Times apologized to the president for its coverage of the 2016 election.

"Perhaps another apology from the New York Times, like the one they had to issue after they got the 2016 election so embarrassingly wrong, is in order," the White House said.

The Times' report detailed a litany of suspicious tax practices used by Trump and his family members, including that they established a "sham" corporation to disguise taxable gifts from their parents and undervalued many of Fred Trump's properties to avoid tax payments.

Trump's parents left their children more than $1 billion, which would have resulted in a roughly $550 million tax bill at the time, according to the Times. However, the Trumps paid a total of $52.2 million on that source of income. Tax experts said some of the practices may have broken the law.

Charles Harder, an attorney for Trump, said in a statement to the Times that allegations of tax evasion are "100 percent false." He said Trump "had virtually no involvement" with the tax strategies used by his family, which he said were carried out by professional tax advisers.

Trump did not comment to the Times for the story.

Sanders dismisses 'boring' New York Times story on Trump tax fraud .
White House press secretary Sarah Sanders said Wednesday that a New York Times story claiming President Trump and his family sheltered millions of dollars through tax fraud over several years is "boring" and not worth correcting in public. require(["medianetNativeAdOnArticle"], function (medianetNativeAdOnArticle) { medianetNativeAdOnArticle.getMedianetNativeAds(true); }); "It's a totally false attack based on an old, recycled news story," Sanders told reporters at the White House. "I'm not going to sit and go through every single line of a very boring, 14,000-word story.

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