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Donald Trump's claims about Hillary Clinton's tax loophole stance? Wrong
Source: The Guardian
Donald Trump's claims about Hillary Clinton's tax loophole stance? Wrong
New York Times report outlines method by which Trump avoided
paying tax – a maneuver Clinton voted to outlaw in 2004, contrary
to earlier Trump statements
David Smith in Washington
Tuesday 1 November 2016 19.56 GMT
Donald Trump’s claim during the presidential debates that Hillary Clinton failed as a senator to close tax loopholes he exploited has been proved at least partially false.
The New York Times reported on Monday that the Republican candidate had avoided paying potentially hundreds of millions of dollars in taxes through a “sleight of hand” that worried even his own lawyers.
Trump in effect traded debt relief for virtually worthless “partnership equity” to swerve past any tax liability in the early 90s, according to documents obtained by the paper.
The manoeuvre came under the scrutiny of Congress in 2004 – and Clinton, then a New York senator, was among those who successfully voted to outlaw it.
Yet in the second presidential debate on 9 October, Trump claimed that the Democratic nominee had missed her chance to close loopholes that he had merely used as anyone else would.
[font size=1]-snip-[/font]
New York Times report outlines method by which Trump avoided
paying tax – a maneuver Clinton voted to outlaw in 2004, contrary
to earlier Trump statements
David Smith in Washington
Tuesday 1 November 2016 19.56 GMT
Donald Trump’s claim during the presidential debates that Hillary Clinton failed as a senator to close tax loopholes he exploited has been proved at least partially false.
The New York Times reported on Monday that the Republican candidate had avoided paying potentially hundreds of millions of dollars in taxes through a “sleight of hand” that worried even his own lawyers.
Trump in effect traded debt relief for virtually worthless “partnership equity” to swerve past any tax liability in the early 90s, according to documents obtained by the paper.
The manoeuvre came under the scrutiny of Congress in 2004 – and Clinton, then a New York senator, was among those who successfully voted to outlaw it.
Yet in the second presidential debate on 9 October, Trump claimed that the Democratic nominee had missed her chance to close loopholes that he had merely used as anyone else would.
[font size=1]-snip-[/font]
Read more: https://www.theguardian.com/us-news/2016/nov/01/donald-trump-tax-loophole-hillary-clinton-congress
Earlier GD 2016 thread: NYT: Trump’s Tax Dodge Stretched Law ‘Beyond Recognition’