fbpx

Trump paid $145K in taxes to India: Report

Reading Time: 3 minutes
donald trump on a plane

US President Donald Trump or his company paid $145,400 in taxes to India and received $2.3 million from projects there, according to The New York Times. The newspaper said the taxes were paid by him or his companies in 2017 and the $2.3 million in income came during Trump’s first two years in office.

The New York Times did not give details of the income Trump derived from India. It was also not clear if it was Trump’s personal income or his organisation’s.

Before he became the President, Trump was principally a real estate developer running the Trump Organization, besides dabbling in show business.

- Advertisement -

He had visited Mumbai in 2014 before plunging into politics to meet with developers of the local Trump Tower and other business people.

The Trump Organization lists four residential projects located in Mumbai, Pune, Kolkata and Gurugram. The projects have local associates and typically in such deals they run them and pay a royalty or other fees to the Trump Organization, mainly for branding. Trump’s sons, Eric and Donald Jr., are listed on the Trump Organization web sites as executive vice presidents.

The web sites of the Trump Tower projects in Kolkata and Pune carry the disclaimer that the properties are “not owned, developed or sold by the Trump Organization or any of their current or former principals or affiliates.”

The newspaper, which said that it had received copies of Trump’s income tax records, claimed that the self-proclaimed billionaire had paid only $750 in federal income taxes in 2017, his first year in office.

READ ALSO: Trump-Biden woo Indian-American voters

donald trump and joe biden

It said that for 10 of the previous 15 years, he had not paid any taxes because his losses were higher than his income.

The disclosures on Sunday evening by the New York Times, which did not say how it received the copies of the tax filings, came as Trump was getting ready for a debate with Democratic Party candidate Joe Biden.

Biden’s campaign immediately released an ad comparing Trump’s $750 taxes reported by the Times with that paid typically by the teachers, which is about 10 times as much, and by nurses and firefighters.

Trump has refused to disclose his income tax filings which all Presidents had in recent times. He said he will not make them public while the Internal Revenue Services (IRS), the federal tax authority, was auditing his tax filings, and would release them only after the audits were over.

At a news conference, Trump called the Times report “fake news”.

He said, “Actually, I paid tax, but — and you’ll see that as soon as my tax returns — it’s under audit. They’ve been under audit for a long time.”

READ ALSO: Donald Trump’s Great India Show – Trumpnama

donald trump and narendra modi

But he refused to say how much tax he had paid.

The Times said that he made $73 million from projects abroad, most of it from golf properties in Ireland and Scotland.

He also received $3 million from the Philippines and $1 million from Turkey, which along with India, the Times asserted, were “countries with authoritarian-leaning leaders or thorny geopolitics”.

Outside of the US, India has the most number of Trump Organizaiton-affiliated projects.

The Trump Tower built in Mumbai in association with the Lodha Group says on its website that apartment prices start at Rs 7.8 crore.

READ ALSO: Indo-US Relations under a Biden Presidency and the Kamala Harris Factor

- Advertisement -

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -
- Advertisement -

Podcasts

Ep 9: What do young Indians want from love?

0
  Growing up in Indian culture, most of us know that love has never been as popular as marriage. Even in the movies, the main...

Ep 8: Indian links in Indigenous Australian poet Ali Cobby Eckermann’s...

0
  To celebrate NAIDOC week 2020 (between 8-15 November) I spoke to Yakunytjatjara poet Ali Cobby Eckermann about her time in India where she taught...

Ep 7: In the case of Sushant Singh Rajput

0
  The torrid and high-octane Sushant Singh Rajput case has been fodder for Indian people and press for the last few months. The actor’s tragic death...
- Advertisement -

Latest News

REVIEW: Antim – The Final Truth

0
  Director Mahesh Manjrekar's Antim: The Final Truth is a crime drama centred around the circle of fate. Based on the Marathi film Mulshi Pattern,...

The religious discrimination bill will make LGBTIQ+ Australians sick

0
  The Morrison government’s religious discrimination bill was introduced to parliament on Thursday. The bill, now on its third draft, has been a contentious piece of...
ICC T20 WC 2021 delivers record viewership. Pictured here, Indian team captain Virat Kohli with Pakistani team captain Babbar Azam and opener Mohammad Rizwan. Source: IANS

WC 2021: India-Pak match becomes most watched T20I in history

0
  With nearly 10,000 hours of live coverage across TV and digital platforms in 200 countries, the 2021 ICC Men's T20 World Cup delivered a...
jango film

Film Review: Jango

0
  Claimed to be India's first time loop film, Jango is a brave attempt at storytelling. Choosing to make a film knowing fully well that...

REVIEW: Sabhaapathy

0
  Director R. Srinivasa Rao's 'Sabhaapathy' is a light-hearted entertainer that, despite its flaws, just about works. AT A GLANCE Starring: Santhanam, M.S. Baskar, Preeti Verma,...