Alan Garten, a lawyer for the Trump Organisation, described the NY Times story as "pure speculation" and said that it made "incorrect assumptions".
He told the paper that Trump International Hotels Management had "opened an account with a Chinese bank having offices in the United States in order to pay the local taxes".
"No deals, transactions or other business activities ever materialised and, since 2015, the office has remained inactive," Mr Garten said.
"Though the bank account remains open, it has never been used for any other purpose," he told the NY Times.
You have to learn to read the "news". The rest was just filler, with obfuscating language.
It’s not a secret if you disclose it in your taxes returns, as he did.
Not only is this a nothingburger, it’s entirely appropriate and necessary when one does business in China.
I think less than 200K in it. Most business people have overseas account for various reasons (Like faster transactions, development requirements etc).
Nothingburger. He paid taxes on it.
You have to learn to read the "news". The rest was just filler, with obfuscating language.