Chris
09-30-2016, 08:59 AM
We hear much about the Clinton Foundation shenanigans, but what about the Trump Foundation?
First, Trump Foundation reportedly doesn't have proper paperwork to solicit money (http://www.foxnews.com/politics/2016/09/30/trump-foundation-reportedly-doesnt-have-proper-paperwork-to-solicit-money.html):
Donald Trump’s foundation reportedly never obtained proper certification that the state of New York requires before charities can ask for money from the public.
The Washington Post reported Thursday that the Trump Foundation didn’t obtain registration that’s needed to ask for donations, according to a spokesman for New York Attorney General Eric Schneiderman.
Worse, Did Donald Trump Use His Foundation to Avoid Paying Taxes? (http://fortune.com/2016/09/27/trump-foundation-avoid-taxes-charity/):
A high-end ticket broker was instructed to divert almost $1.9 million that he owed Republican presidential candidate Donald J. Trump for business transactions to Trump’s private foundation instead, the Washington Post reported yesterday, citing two unnamed sources.
Such a diversion, known among tax lawyers as “an assignment of income,” would ordinarily violate the law unless the taxpayer also reported the funds as income on his tax returns. Trump has not disclosed his income tax returns—the first presidential candidate in decades not to do so—and his campaign declined to tell Post reporter David A. Fahrenthold (or Fortune) whether he reported the Ebers income on his return.
In an email to Fortune, the Trump campaign flatly denied the Post allegations....
First, Trump Foundation reportedly doesn't have proper paperwork to solicit money (http://www.foxnews.com/politics/2016/09/30/trump-foundation-reportedly-doesnt-have-proper-paperwork-to-solicit-money.html):
Donald Trump’s foundation reportedly never obtained proper certification that the state of New York requires before charities can ask for money from the public.
The Washington Post reported Thursday that the Trump Foundation didn’t obtain registration that’s needed to ask for donations, according to a spokesman for New York Attorney General Eric Schneiderman.
Worse, Did Donald Trump Use His Foundation to Avoid Paying Taxes? (http://fortune.com/2016/09/27/trump-foundation-avoid-taxes-charity/):
A high-end ticket broker was instructed to divert almost $1.9 million that he owed Republican presidential candidate Donald J. Trump for business transactions to Trump’s private foundation instead, the Washington Post reported yesterday, citing two unnamed sources.
Such a diversion, known among tax lawyers as “an assignment of income,” would ordinarily violate the law unless the taxpayer also reported the funds as income on his tax returns. Trump has not disclosed his income tax returns—the first presidential candidate in decades not to do so—and his campaign declined to tell Post reporter David A. Fahrenthold (or Fortune) whether he reported the Ebers income on his return.
In an email to Fortune, the Trump campaign flatly denied the Post allegations....