US President Donald Trump has an active bank account in China. according to a report in the New York Times, President Donald Trump has admitted that he has an account in a Chinese bank.
US President Donald Trump’s that bank account is still active. But, Trump’s lawyer said it is no longer used.
The bank account is controlled by Trump International Hotels Management. Between 2013 and 2015, they paid income tax at the local level with that bank account. A spokesman for Trump said the account was opened to look for potential hotel business opportunities in Asia. Local tax of $188,561 was paid from the Chinese bank account.
Trump launched a trade war between the two countries three years ago, accusing China of taking unfair advantage of trade with the United States. Imports of Chinese goods are subject to tariffs, and China also imposes tariffs in retaliation. This is how mud-throwing goes.
The New York Times reports that they may have obtained the information after receiving Trump’s income tax records. It contains detailed descriptions of Trump’s personal and company finances.
Earlier, the New York Times recently leaked Trump’s income tax record. It shows that in two years, US President Donald Trump has paid an income tax of only $750. It is further alleged that President Trump has not paid any income tax in the last 10 of the last 15 years.
Donald Trump ran as the US presidential candidate in 2016. In that year, and in his first year in the White House since being elected president, in 2017, Trump paid only $750 in income tax in china bank account.
Meanwhile, Trump has been sharply critical of rival Democratic Party candidate Joe Biden and his Chinese policies ahead of the November 3 presidential election, even as he continues to do business in China. Even in China, the Trump administration has pointed fingers at the business of Joe Biden’s son, Hunter Biden.
The New York Times reports that Trump opened an office in Shanghai in 2012 to do business in China. According to the New York Times, Trump’s income tax record shows that Trump has long invested at least $192,000 in five small companies for special projects in China. These companies have shown a cost of at least $98,400 since 2010. This includes small expenses like income tax and accounting fees.