A Quick Reminder on the Trump Organization's Tax Evasion in Panama [View all]
Trump’s new threat against Panama should come with a reminder about how his family organization operated in the country.
Every analysis of this new Trump threat should come with a reminder: In 2019, the owners of a Panama City hotel tower that was previously managed and operated under the Trump brand, accused Trump Panama Hotel Management LLC and Trump International Hotels Management LLC, of not paying the required 12.5 percent taxes to the Panamanian government. Instead, the lawsuit alleges, the companies simply kept the money, “intentionally evading taxes” and leaving the new owner liable for millions.
A tax audit of the hotels submitted as evidence found massive inconsistencies. The case is still pending in New York District
Court.
https://newrepublic.com/post/189654/trump-organization-tax-evasion-panama
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