President Trump’s property-management company allegedly failed to pay taxes in Panama on millions of dollars in fees it collected for managing a high-rise hotel there, according to new legal filings related to a business dispute over the development. The filings, made Monday by the hotel’s majority owner, allege that over seven years Trump employees sent money to Mr. Trump’s personal bank accounts in the U.S. without paying Panamanian taxes, exposing the property’s owners to millions of dollars in potential liability.

Source: Wall Street Journal June 04, 2019 01:01 UTC