This could result in a $1.6 million fine and could prevent you from doing business or getting loans or contracts.
Two companies in former US President Donald Trump’s business empire have been found guilty on all charges of criminal tax fraud and falsification of business records. The corresponding decision was made by the Manhattan Jury on Tuesday, December 6, CNN reports.
“Trump Corp. and Trump Payroll Corp. have been found guilty of all charges against them,” the statement said.
Trump and his family were not charged in the case, but during the trial, prosecutors repeatedly cited the former president for his involvement in benefits provided to some executives, including company-financed apartments. , car rental, and personal expenses.
Trump’s business empire could face a maximum of $1.61 million in fines after the verdict in mid-January.
“It is not in danger of being liquidated because, under New York law, there is no mechanism for liquidating a company,” CNN said.
It emphasizes that a criminal conviction can affect the ability to conduct business or obtain loans or contracts.
Earlier, The New York Times, citing tax returns, reported that Trump had not paid federal income tax in ten years.
And in late November, the US Congress, after years of litigation, received Trump’s tax returns.
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Source: korrespondent
I am David Wyatt, a professional writer and journalist for Buna Times. I specialize in the world section of news coverage, where I bring to light stories and issues that affect us globally. As a graduate of Journalism, I have always had the passion to spread knowledge through writing.