Donald Trump’s leaked tax return show claimed losses of $916m



Donald Trump’s business losses in 1995 were so large they could have allowed him to avoid paying income taxes for as many as 18 years, according to records obtained by the New York Times.
The newspaper said it anonymously received the first pages of Mr Trump’s 1995 state income tax filings in New York, New Jersey and Connecticut.
They show a net loss of 915,729,293 dollars (£705,574,108) in federal taxable income for the year.
That Mr Trump was losing money during the early to mid-1990s – a period marked by bankruptcies and poor business decisions – was already well established.
But the... read more

 
2 October 2016 in World News, Views: 44
Source: Scotsman
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