Trump’s taxes show foreign income from more than a dozen countries

[ad_1]

The former president is known for merging his business interests with the highest public office in America, drawing allegations of using his office to promote his private resorts, directing federal money to his hotels and encouraging foreign governments to spend money that directly benefits the interests of the Trump family.

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

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

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

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

It’s no surprise that Trump has continued to receive money from foreign interests while he’s been president. While he passed the day-to-day operations of his business empire to his children, he still retained ownership.

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

At the same time, previous releases of former presidents’ tax returns to The New York Times and required annual disclosure forms have also shown that the Trumps have ties to more autocratic countries, including Qatar, Saudi Arabia and Turkey.

[ad_2]