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The Trump Organization, owned by former President Donald Trump (2017-2021), was found guilty Tuesday of tax evasion for paying executives “under the table” by giving them a significant portion of their compensation so they could lower their taxable portion, according to local media.
The two companies found guilty by a Manhattan jury are Trump Corporation and Trump Payroll Corporation, while neither the former president nor his family members had been indicted in this case.
The Manhattan District Attorney’s Office had accused the company of operating a tax evasion scheme for more than 15 years, further arguing that the scheme reached the highest levels of responsibility, as opposed to the defense’s argument that its orchestrators acted for their own benefit and not on behalf of the company.
Foundation for Economic Education (FEE)