Why Did The Trumps Create 500 Shell Companies?

[themirrorthief]

And you're a fuckin' liar! Your whole case is predicated on the testimony of a Chinese agent and fugitive from justice. Which fits the Republican Party right now. Just a bunch of big mouth liars and convicts!

I never had sex with that woman....Ms Lewinsky....somehow my sperm accidentally got all over her dress, shit like that happens sometimes when you are working HARD for the american people

 

[Catsnmeters]

The Trump family opened more than 500 shell companies to hide payments and launder money.

I don't believe they have paid a penny of revenue, a penny of taxes on most of the millions of dollars they received from our adversaries around the world.

How did they list this on their taxes? Is it a service they provided?

How does $617 million and 500 "shell companies" grab you?

Trump Campaign Shell Corporation Funneled $617 Million, According to Reporting Based on CLC Complaint​

The FEC should hold the Trump campaign and Trump Make America Great Again Committee accountable for violating federal campaign finance law's transparency requirements.


Earlier this year, Campaign Legal Center (CLC) filed a complaint with the Federal Election Commission (FEC) alleging that the Trump Campaign laundered $170 million in spending to conceal payments to people close to the Trump family and campaign.

To conceal the campaign’s transactions to vendors, American Made Media Consultants LLC (AMMC), was used as a pass-through for payments that were directed to friendly political consulting firms, the president’s family members, or people who did not register the payments with the FEC.

By failing to report payments to the campaign’s true vendors and employees, the Trump campaign and Trump Make America Great Again Committee violated federal law’s transparency requirements and undermined the vital public information role that reporting is intended to serve.

Oops: Jared Kushner Reportedly Created a Shell Company to Secretly Pay Trump Family Members and Spend Half the Campaign’s Cash​

Donald Trump and his family have spent the last four years making the airtight case that they view the presidency as simply a means to enrich themselves and their associates. They probably don’t particularly like that reputation and, yet, it hasn’t stopped them from funneling taxpayer money to their private business, gouging the Secret Service, and raising legal defense funds that the fine print says could go directly to their pockets. Oh, and, according to a new report, setting up a shell company that spent hundreds of millions of campaign dollars to pay Trump family members along with other expenditures it seemingly wanted to keep under wraps.

They did pay quite a bit of taxes to china from the Chinese bank account Trump lied about not having, so there is that.

 

[Catsnmeters]

FACT SHEET: President Trump’s Shady Business Dealings With The Chinese Government​

​

Trump Has Extensive Financial Ties To The Chinese Government

President Trump Collected Millions From Chinese Government-Owned Entities While In Office. “President Donald Trump…has in fact collected millions of dollars from government-owned entities in China since he took office. […] Trump properties leased by the Industrial Bank of China, paying about $1.9 million in annual rent, contributed at least $5.4 million in business inflows during the Trump presidency.” [Forbes, 10/23/20]

“I Have The Best Tenants In The World:” President Trump Was Well-Aware Of The Multi-Million Dollar Lease To Chinese Interests. “The Industrial and Commercial Bank of China signed a lease for space in 2008, years before the president took office, paying about $1.9 million in annual rent. Trump is well-aware of the deal. ‘I’ll show you the Industrial Bank of China,’ he told three Forbes journalists touring Trump Tower in 2015. ‘I have the best tenants in the world in this building.’” [Forbes, 10/23/20]

President Trump Promised To Donate Foreign Government Profits While In Office—But He Donated Less Than A Third Of His Proceeds From The Chinese Government. “The president planned to donate all foreign government profits at his hotel to the U.S. Treasury […] it sure doesn’t seem like the Trump Organization handed over all their profits from the deal with the Chinese. The Trump Organization reportedly donated a total of $343,000 to the U.S. Treasury in 2017 and 2018, Trump’s first two years as president. […] “[T]hat money…coming from the Chinese government…adds up to $1.2 million—or more than three times what the Trump Organization reportedly gave to the Treasury.” [Forbes, 10/23/20]

President Trump Maintained Three Foreign Bank Accounts While In Office—Including One In China. “Mr. Trump’s own business history is filled with overseas financial deals, and some have involved the Chinese state. He 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. And it turns out that China is one of only three foreign nations — the others are Britain and Ireland — where Mr. Trump maintains a bank account…” [New York Times, 10/20/20]

President Trump’s Business With China Raised Legal and Ethics Concerns. “The arrangement posed legal concerns, since the U.S. Constitution prohibits federal officials from accepting “any present, emolument, office, or title, of any kind whatever, from any king, prince, or foreign state” without Congressional approval. Ethics experts, who have often focused on the president’s hotel in Washington, D.C., argued that the president would be in violation of the Constitution’s emoluments clause from the moment he took office.” [Forbes, 10/23/20]

President Trump: “President Xi Loves The People Of China, He Loves His Country, And He’s Doing A Very Good Job.” “Speaking to the press on February 18, the President praised the Chinese government again. ‘I think President Xi is working very hard,’ Trump said. ‘As you know, I spoke with him recently. He’s working really hard. It’s a tough problem. I think he’s going to do — look, I’ve seen them build hospitals in a short period of time. I really believe he wants to get that done, and he wants to get it done fast. Yes, I think he’s doing it very professionally.’ Asked if he trusted the data from China, the President declined to answer the question, instead, again, praising the Chinese President. ‘Look, I know this: President Xi loves the people of China, he loves his country, and he’s doing a very good job with a very, very tough situation,’ he said.” [CNN, 3/25/20]

Trump Benefited From Trademarks Approved By The Chinese Government

October 2018: The Chinese Government Approved Multiple “Trump” Name Trademarks In the Midst of Negotiations For A New Trade Deal. In fall 2018, Ivanka Trump won initial approval for 16 trademarks applied for two years prior in the midst of Trump’s trade war with China. The Chinese government also approved two “Trump” trademarks, registered at Trump Tower in Manhattan, as negotiation efforts progressed.

• Months Earlier, China Gave Ivanka Trump Seven New Trademarks Across Multiple Businesses That She Applied For After President Trump Took Office—Approved Around The Time President Trump Committed To Keeping A Chinese Telecommunications Company Afloat. “China this month awarded Ivanka Trump seven new trademarks across a broad collection of businesses, including books, housewares and cushions. […] Ms. Trump applied for six of the trademarks in March 2017. She applied for the seventh even earlier, in May 2016. […] At around the same time, President Trump vowed to find a way to prevent a major Chinese telecommunications company from going bust, even though the company has a history of violating American limits on doing business with countries like Iran and North Korea.” [New York Times, 5/28/18]
• Over A Year Earlier, Ivanka Trump Received Three Trademark Approvals In China The Same Day She And Her Father Dined With Chinese President Xi Jinping. In April 2017, Ivanka Trump’s company had 37 pending trademark applications in ten counties, including China, Indonesia, and the Philippines, covering “the sale of leather goods in China, jewelry in the Philippines and beauty products in Indonesia.” According to the LA Times, “on the same day Trump and his daughter dined with Chinese President Xi Jinping at Mar-a-Lago in Florida in April 2017, China awarded her three preliminary trademark approvals for jewelry, handbags and spa services.” [New York Times, 4/11/17; LA Times, 10/10/19]

Trump Operated a Web of Over 500 LLCs While In Office

During His Presidency, Trump Operated A Web Of Over 500LLCs Not Subject To External Audits Or Rigorous Disclosure Requirements. For decades, Donald Trump operated a web of shadowy LLCs used to evade taxes and conceal loans and business interests. Even during his presidency, Trump’s use of LLCs allowed him to keep much of his financial portfolio outside the public eye.

This is why china is trying to get Trump reelected.

 

[bripat9643]

They did pay quite a bit of taxes to china from the Chinese bank account Trump lied about not having, so there is that.

When was that? Please quote him.

 

[bripat9643]

This is why china is trying to get Trump reelected.

They aren't, fool.

 

[Clipper]

Hey dumbfuck, refute any of the FACTS posted or GFY. Or your boyfriend. Legitimate business is too much for you to understand isn’t it little snowflake homo? Keep cleaning Joe’s diaper. It’s all you’re qualified for.

Your paranoid delusions aren't facts, assface.

Here's a fact. August 1 is only 8 days away. Know what that means, pencil neck Trump asseater?

And no, your boy will not be reinstated next week.

 

[Billo_Really]

I never had sex with that woman....Ms Lewinsky....somehow my sperm accidentally got all over her dress, shit like that happens sometimes when you are working HARD for the american people

You guys always got to have a boogeyman man! Christ, you're even bitching about Barbie!

 

[lantern2814]

Your paranoid delusions aren't facts, assface.

Here's a fact. August 1 is only 8 days away. Know what that means, pencil neck Trump asseater?

And no, your boy will not be reinstated next week.

Truth once again triggers the flaming homo. Noting the complete avoidance of the topic. Hey dumbfuck, you assholes are the only ones whining about whatever you’re scared of happening next month. While you’re hiding in mommy’s basement.

 

[lantern2814]

They did pay quite a bit of taxes to china from the Chinese bank account Trump lied about not having, so there is that.

Gee dummy, Trump had an account to pay the taxes he would have had to pay on his businesses IN CHINA. But of course you can’t see the difference between that and Xiden’s....

 

[Catsnmeters]

Gee dummy, Trump had an account to pay the taxes he would have had to pay on his businesses IN CHINA. But of course you can’t see the difference between that and Xiden’s....

My point was he lied about his account in China.

The difference? What bank account in China did Biden lie about?

 

[Clipper]

Truth once again triggers the flaming homo. Noting the complete avoidance of the topic. Hey dumbfuck, you assholes are the only ones whining about whatever you’re scared of happening next month. While you’re hiding in mommy’s basement.

Ever hear of Fulton County, Georgia, assface? Looks like your guy's ass is on the line again.

Cry now, get it over with & beat the rest of Trump's asseater's to the punch.

 

[lantern2814]

Ever hear of Fulton County, Georgia, assface? Looks like your guy's ass is on the line again.

Cry now, get it over with & beat the rest of Trump's asseater's to the punch.

More running away from the triggered homo. How’s Fat Alvin’s permanently suspended case coming retard? Seek help for your obsession with Trump’s ass. Beating you senseless is just too easy asswipe.

 

[FA_Q2]

The term "shell company" is legally meaningless. Dims use it because it sounds sinister.

Legally meaningless is, well, meaningless. That there is no legal term does not mean the word does not have a use.

We all know what the term means therefore it is used to convey that meaning. That you do not like it is immaterial.

 

[FA_Q2]

He opened these companies to launder money and evade taxes.
Which is why he refused to release his tax info once elected.
He was already a criminal.

The problem with that is using shell companies for tax purposes is legal.

Using such a method does not make one a 'criminal.'

 

[bripat9643]

My point was he lied about his account in China.

The difference? What bank account in China did Biden lie about?

The ones owned by those 30 shell companies the Bidens setup.

 

[bripat9643]

He opened these companies to launder money and evade taxes.
Which is why he refused to release his tax info once elected.
He was already a criminal.

Laundering money is not legal. The term means converting illegal money to legal money. By definition, it's against the law, moron. If he broke the law, then why didn't the Dims have him arrested?

 

[bripat9643]

You have your hand on your ass but no proof that Biden took bribes from China or anyone else. And what you do have is lies & baseless accusations from dirtbags like Grassley.

What did the money that these Chinese communis party officials gave him pay for? What service?

 

[Catsnmeters]

The ones owned by those 30 shell companies the Bidens setup.

Which Biden set up shell companies?

Are shell companies illegal?

 

[bripat9643]

Which Biden set up shell companies?

Are shell companies illegal?

I don't know who set them up. They haven't given out the details of the shell companies.

No, the are not illegal, but they are often employed by criminals.

 

[Catsnmeters]

I don't know who set them up. They haven't given out the details of the shell companies.

If you don't know who set them up than why are you saying they are Biden's shell companies?

No, the are not illegal, but they are often employed by criminals.

So? If they aren't illegal, what are you bitching about?