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New York authorities investigating Trump consulting payments that reduced his taxes


 

New York authorities investigating the Trump Organization have expanded their inquiries to include tax write offs involving millions of dollars in consulting fees. Investigators with the Manhattan district attorney's office, which is conducting a broad criminal investigation, and the New York attorney general's office, which has a civil inquiry under way, have subpoenaed the Trump Organization seeking records relating to the consulting fees.


The subpoenas were in response to a New York Times investigation into President Donald Trump's tax returns that first disclosed that he took $26 million in write offs that came from fees he paid to consultants, including an apparent $747,000 fee that the New York Times said matched a payment disclosed by Trump's daughter, Ivanka Trump.

The New York Times first reported the subpoenas had been sent. There is no suggestion that Ivanka Trump accounted for the payment improperly.


Ivanka tweeted that, tThis is harassment pure and simple. This inquiry by NYC democrats is 100% motivated by politics, publicity and rage. They know very well that there’s nothing here and that there was no tax benefit whatsoever. These politicians are simply ruthless.

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