The 'New York Times', which has already lifted the veil on President Trump's tax returns, has just revealed that he has a bank account in China that he had never mentioned.
Twelve days before the presidential election, the scoop from the “New York Times” will not help Donald Trump's business. The outgoing president, who keeps accusing his Democratic opponent Joe Biden of being too close to China, has a bank account in the country, which he had never spoken of before. The New York daily is relying on the billionaire's tax returns, documents that every presidential candidate for decades has published, but which Trump has consistently refused to deliver. Among the most embarrassing revelations - so far - for the wealthy real estate developer: he paid only $ 750 in income tax in 2016 and 2017.
In its article published Tuesday, the "Times" indicates that Trump only has overseas accounts in three countries: the United Kingdom, Ireland and China. The Chinese bank account is controlled by an entity called Trump International Hotels Management LLC, which paid more than 188,000 dollars in taxes in China between 2013 and 2015. The "Times" also notes that this entity has seen its turnover explode in 2017. In a financial statement for the year 2016 and published in mid-2017, Donald Trump indicated that he had drawn 2.8 million dollars in income from this company. The same statement released the following year shows $ 17.1 million, and then only $ 1.5 million for 2018, according to the document for that year. The Times investigation adds that more than $ 15 million was withdrawn by Trump from the company's accounts in 2017. Trump Organization lawyer Alan Garten assured the newspaper that the large amount collected in 2017 was largely related to the buyout of a contract to run a hotel in New York and the rest of the money had nothing to do with China.
Barack Obama's disbelief
Alan Garten also assured that the Chinese bank account was opened with a bank with offices in the United States in order to "pay the local taxes" related to the attempts of the Trump Organization to establish itself in China. “No agreement, transaction or other activity has ever materialized and, since 2015, this office has been inactive. Although the bank account remains open, it has never been used for anything else, ”Alan Garten told The New York Times.
The explanations of the Trump Organization did not prevent the president's opponents from ironicizing about this hidden bank account. In a meeting in Pennsylvania for Joe Biden, former President Barack Obama expressed his disbelief: "We know he continues to do business with China because he has a secret Chinese bank account!" How is it possible? How is it possible? A secret Chinese bank account! Listen ... Can you imagine if I had a secret Chinese bank account when I was a candidate for my re-election? Do you think Fox News would have been a little worried about this? They would have nicknamed me "Beijing Barry"! ”He said mockingly.
The Trump clan's links with China had already been the subject of controversy after the AFP's revelations in 2016, which exposed negotiations between a company owned by Trump and a Chinese state-owned company even though , candidate, the billionaire multiplied the attacks against Beijing. Ivanka Trump, daughter and adviser to the president, obtained patents in China for her company, also caused controversy.