The issue is at the heart of multiple lawsuits against the President, one of which a New York court dismissed in December. During a news conference, one of his attorneys said Trump’s business would voluntarily donate all hotel profits derived from foreign governments to the US Treasury.īut months after that, the plan to donate those profits faced renewed scrutiny by watchdog groups when the Trump Organization conceded it was difficult to determine whether certain payments were attributable to foreign governments. In January 2017, just before taking office, Trump tried to address concerns over the possibility of foreign influence. Treasury on any profits it earns from foreign government officials who stay at one of President Donald. The backlash from the initial announcement came as Trump critics argue he is defying an anti-corruption clause in the Constitution by accepting foreign government profits through his company. WASHINGTON A Trump Organization executive said Monday that the company has donated profits from foreign government patrons at its hotel properties to the U.S. The Trump Organization will wait until 2018 to make its first annual donation to the U.S. It’s not known yet how much profit Trump’s massive business does overseas, but it says a lot that Trump is willing to just give all that money to the American people while he’s president. “Although not a legal requirement, this voluntary donation fulfills our pledge to donate profits from foreign government patronage at our hotels and similar business during President Trump’s term in office.”ĭetails about which countries the profits came from remain unclear. He is going to voluntarily donate all profits from foreign governments made to his hotels to the United States treasury, Dillon says. “This annual donation represents profits from foreign government patronage for the period beginning Januthrough Decemand was calculated in accordance with our policy and the Uniform System of Accounts for the Lodging Industry,” Sorial said in the statement. A Trump Organization executive says the company has donated 151470 in foreign government profits at its hotels and similar businesses last year to the U.S. On Friday, the company said the voluntary donation totaled $151,470, according to a statement from George Sorial, the executive vice president and chief compliance counsel for the Trump Organization. The Trump Organization’s announcement last month that it had delivered on a pledge to donate foreign government profits from its hotels to the US Treasury had raised questions due to its lack of immediate detail. President Donald Trump’s various business interests have raised concerns among ethics watchdogs. Treasury last month, an amount that it said reflects its profits from foreign-government bookings at its hotels last year. The Trump Organization says it donated more than $150,000 to the US Treasury, representing the profits it made at its hotels and similar properties from foreign governments over the past year. President Trump’s company said it donated 105,465 to the U.S.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |