New York state tax officials have launched a review into allegations in a New York Times article that President Trump participated in “dubious tax schemes” in the 1990s that helped him earn additional wealth from his father’s real estate business.
“The Tax Department is reviewing the allegations in the NYT article and is vigorously pursuing all appropriate avenues of investigation,” a spokesman from New York State Department of Taxation and Finance said in an email to The Hill.
The statement from the department came just hours after The New York Times published an exhaustive report detailing some of the president’s business dealings.
Among other things, the report said that Trump received the equivalent of $413 million based on questionable tax dealings and that his behavior amounted to fraud in multiple cases.
The Times also reported that Trump and his family committed “outright fraud” when Trump’s father transferred millions from his real estate empire to his children in order to not pay the appropriate amount of taxes.
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NY State Tax Dept launches review of Trump's tax schemes after bombshell NY Times article https://t.co/PzxXXcaKqB pic.twitter.com/Qkh9NtjDx3
— The Hill (@thehill) October 2, 2018
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