2016 Postmortem
Related: About this forumTrump Casinos' Tax Debt Was $30 Million. Then Christie Took Office.
By the time Chris Christie became governor of New Jersey, the states auditors and lawyers had been battling for several years to collect long-overdue taxes owed by the casinos founded by his friend Donald J. Trump.
The total, with interest, had grown to almost $30 million. The state had doggedly pursued the matter through two of the casinos bankruptcy cases and even accused the company led by Mr. Trump of filing false reports with state casino regulators about the amount of taxes it had paid.
But the year after Governor Christie, a Republican, took office, the tone of the litigation shifted. The state entertained settlement offers. And in December 2011, after six years in court, the state agreed to accept just $5 million, roughly 17 cents on the dollar of what auditors said the casinos owed.
Tax authorities sometimes settle for lesser amounts to avoid the costs and risks of further litigation, legal experts said, but the steep discount granted to the Trump casinos and the relationship between the two men raise inevitable questions about special treatment.
You cant tell whether theres something problematic, but its pretty striking that this one was written down so much, said David Skeel, a professor at the University of Pennsylvania Law School who specializes in bankruptcy law and reviewed the case at the request of The New York Times.
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http://www.nytimes.com/2016/08/17/us/politics/trump-chris-christie-casinos.html?emc=edit_th_20160817&nl=todaysheadlines&nlid=57435284&_r=0
Laura PourMeADrink
(42,770 posts)possible to pay as little in taxes as possible. And, shows how he uses lawyers to the nth degree to fight until the other side weighs the cost of continuing to fight against him. what a great guy !
That reminds me, what's going on with the Trump University lawsuits?
hamsterjill
(15,220 posts)They have to ask? Of course this was special treatment.
It's sickening that things like this are allowed to go unpunished. Of course, it happens every day, but that still doesn't make it right.
We cannot let this moron anywhere near the White House. Vote! Vote!! Vote!!!