– Bonuses were paid as if executives were independent contractors, not salaried employees.
– Trump himself signed bonus checks from his Mar-a-Lago club in Florida, the Trump International Golf Club in Florida, and other Trump entities that could benefit from the deductions. Trump was not charged in the case and has called it politically motivated.– The company paid for beds, TVs, carpeting and furniture for the Florida home of Chief Financial Officer Allen Weisselberg, and for utilities, cable and parking garage fees in Manhattan.
– Tax statements were issued that did not disclose executives’ Manhattan living quarters so they did not pay city taxes.– The personal expenses were not added to employees’ taxable income. But some expenses were subtracted from salaries and bonuses, leaving the executives with less taxable income and the company with less payroll taxes.– CFO Weisselberg estimated that $100,000 worth of personal expenses he received was worth double that to him – $200,000 – in salary.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump Organization found guilty of tax fraud schemeThe Trump Organization faces up to $1.6 million in fines after being convicted on all charges, including scheming to defraud tax authorities, conspiracy and falsifying business records.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Trump Organization convicted of tax fraud in New YorkDonald Trump’s family business was found guilty of tax fraud by a New York jury Tuesday, dealing a blow to the ex-president as he eyes the White House again.
Source: manilabulletin - 🏆 25. / 51 Read more »
Balanga court convicts former bank owners for faking loans, documents - BusinessWorld OnlineFORMER OWNERS of a now-closed Bataan rural bank were found guilty of creating fake loans and falsifying documents, for which they were sentenced to imprisonment.
Source: bworldph - 🏆 9. / 68 Read more »
GSIS president defends Maharlika wealth fund“Ang trabaho po namin ay ang pera ilagay sa tamang lugar na kikita nang mas malaki at para pag maibigay sa amin ay maibigay naming benepisyo sa mga miyembro namin,” Veloso told reporters in Manila. Takot mapalitan? Why touch funds of GSIS and SSS? Why not tap Central Bank due to its enormous foreign reserves?
Source: gmanews - 🏆 11. / 68 Read more »
UAE president visits Qatar in sign of thawThe United Arab Emirates president will visit Qatar on Monday, a state news agency reported, in the first such visit since Saudi Arabia and its Arab allies ended a boycott of Doha nearly two years ago. | Reuters
Source: inquirerdotnet - 🏆 3. / 86 Read more »