Trump taxes show foreign income from more than a dozen countries

Authored by politico.com and submitted by HerculesMulligatawny
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The former president was known for fusing his business interests with America’s highest public office, drawing allegations of using his role to promote his private resorts, direct federal money to his hotels and encourage foreign governments to spend money that would directly benefit the Trump family interests.

His far-flung concerns, foreign and domestic, are nested in more than 400 separate business entities. A 2019 report by the watchdog group OpenSecrets said he had more than $130 million in assets in more than 30 countries.

The six years of tax returns disclosed Friday show that Trump received extensive income from Canada, Ireland and the United Kingdom — including gross business income of at least $35.3 million from Canada in 2017, the year he entered office.

That year, Trump also brought in $6.5 million from China, $5.8 million from Indonesia and $5.7 million from India.

By 2020, his last full year in office, Trump reported $8.8 million in income from the U.K. and another $3.9 million in Ireland.

It’s not a surprise that Trump continued to receive money from foreign interests while he was president. While he handed over day-to-day operation of his business empire to his children, he still kept ownership.

Trump’s sons, Donald Jr. and Eric, made deals around the globe while their father was president.

At the same time, previous leaks of the former president’s tax returns to The New York Times and required annual disclosure forms also showed that the Trumps had ties to more autocratic countries, including Qatar, Saudi Arabia and Turkey.

AryaNunya on December 30th, 2022 at 21:53 UTC »

"No collusion" my ass. Traitorous imbecile.

255001434 on December 30th, 2022 at 21:32 UTC »

Donald Trump’s tax returns show the former president received income from more than a dozen countries during his time in office, highlighting a string of potential conflicts of interest.

"potential conflicts of interest"

We know by now that when something with Trump looks bad, it's always even worse than it looks.

HobbesNJ on December 30th, 2022 at 21:23 UTC »

This is why the American people need to see the taxes of our president. We need to know who he might be beholden to and ensure his decisions are not influenced by his personal financial interests.

Of course, that's why every other president divests themselves of their business holdings. Trump just wanted to grift more money for himself.