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Report: Tax records show Trump tried to land China projects


October 21, 2020

Stephen Crowley – New York Times

FILE -- President Donald Trump at a meeting meets with President Xi Jinping of China during the G-20 summit in Hamburg, Germany, July 8, 2017. As Trump tries to raise questions about his opponent's standing with China, the president's tax-return data details his own activities in the country.

WASHINGTON - President Donald Trump spent a decade unsuccessfully pursuing projects in China, operating an office there during his first run for president and forging a partnership with a major government-controlled company, The New York Times reported Tuesday.

China is one of only three foreign nations - the others are Britain and Ireland - where Trump maintains a bank account, according to a Times analysis of the president's tax records. The foreign accounts do not show up on Trump's public financial disclosures, where he must list personal assets, because they are held under corporate names.

The Chinese account is controlled by Trump International Hotels Management LLC, which the tax records show paid $188,561 in taxes in China while pursuing licensing deals there from 2013 to 2015.


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