(Arnulfo Franco/AP)The majority owners of the former Trump Panama hotel — who last year removed President Trump’s name and cut ties with his company — say they’ve discovered old financial records showing that the Trump Organization was evading Panamanian taxes, according to a new legal filing. Fintiklis said Trump’s company also avoided taxes by underreporting the salaries it paid to hotel employees. In the filing, Fintiklis does not give a dollar figure for the amount of taxes Trump allegedly evaded. But he says his company could now face “millions of dollars in liability” if Panama demands that it pay the taxes Trump did not. Trump still owns the Trump Organization, though he has handed over day-to-day control to his sons, Donald Jr. and Eric.

Source: Washington Post June 04, 2019 02:47 UTC