Trump Organization reports small bump in foreign government profits in 2018
Source: Washington Post
By Jonathan O'Connell
February 25 at 7:00 AM
The Trump Organization said Sunday that it had donated the company’s 2018 profits from its business with foreign governments to the U.S. Treasury, the second year in a row that President Trump’s company has made such a move in an attempt to avoid running afoul of an anti-corruption provision of the Constitution.
The donation was for $191,538, up from last year’s donation of $151,470, according to a check dated Feb. 20 and made out to the Treasury, a copy of which the company provided. The check was signed by the president’s eldest sons, Donald Trump Jr. and Eric Trump, who are running the company while their father is in office.
“This voluntary donation fulfills our pledge to donate profits from foreign government patronage at our hotels and similar businesses during our father’s term in office,” Eric Trump said in a statement.
Although the Trump Organization and its legal and ethics advisers argue that the company is not legally required to make such a donation, the company has said the move should fend off any questions about whether Trump is violating the Constitution’s foreign emoluments clause, which bars the president from accepting gifts or payments from foreign governments.
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Read more: https://www.washingtonpost.com/business/economy/trump-organization-reports-small-bump-in-foreign-government-profits-in-2018/2019/02/24/b49f3b6c-3872-11e9-a2cd-307b06d0257b_story.html
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