Which is the Trump Foundation's Bigger Crime, Self-Dealing or Keeping it a Secret? - News Summed Up

Which is the Trump Foundation's Bigger Crime, Self-Dealing or Keeping it a Secret?


While abuse of the tax laws cuts across most income levels and demographics, I found that the wealthiest people often came up with the most “creative” explanations for why they didn’t follow the tax laws. And knowingly signing a materially false tax return is a felony that is punishable by a prison sentence and a hefty fine. Organizations like the Trump Foundation are run by sophisticated business people and advised by highly qualified tax and legal professionals. But whether or not the IRS ever investigates and prosecutes the people who signed the foundation’s false tax returns, there is a bigger crime here. One way to assure the American people that he is fulfilling that oath is to open his tax returns to public scrutiny.


Source: Forbes November 28, 2016 14:09 UTC



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