President Trump has maintained a bank account in China for years while pursuing hotel deals and other business projects in the region, according to a report Wednesday. The bank account is held by Trump International Hotels Management LLC and paid $188,561 in taxes in China from 2013 to 2015, the New York Times reported, citing an analysis of the president’s tax records. China, Britain and Ireland are the only countries outside the United States where Trump maintains a bank account. Trump Organization attorney Alan Garten told the Times the bank account was opened for the purpose of paying local taxes as the company attempted “to explore the potential for hotel deals in Asia.” It’s unclear which Chinese bank holds the account. “No deals, transactions or other business activities ever materialized and, since 2015, the office has remained inactive,” Garten said.

Source: Fox News October 21, 2020 20:03 UTC