NYS Tax Dept. Opens Investigation into Trump Tax Fraud Claims

Chris Gaetano
Published Date:
Oct 3, 2018

The New York State Department of Taxation and Finance said that it is investigating allegations of hundreds of millions of dollars worth of tax fraud by the Trump family that  the New York Times detailed yesterday, according to CNBC. The Times reported that the Trump family committed what it called "outright fraud" in order to transfer wealth from the president's father, Fred Trump, to his children without having to pay required taxes, using a shell company to do so. The story contained numerous other details about the family's tax dealings, including some that dispute the president's claims that he essentially built his real estate empire from scratch, though the fraud claims are what got the attention of tax authorities. Spokespeople said, "The Tax Department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation." CNBC noted that the president's lawyer, as well as his press secretary, have vigorously denied the claims made in the article, and said nothing improper has been done. 

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