Highlights

  • Two entities of Trump organisation fined for tax evasion
  • Company convicted of 17 tax crimes, including conspiracy and falsifying business records
  • Trump organisation fined maximum penalty

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Former US President Donald Trump's companies fined for tax fraud

Donald Trump's company has been fined $1.6 million as punishment for a scheme in which some of his executives dodged personal income taxes on lavish job perks.

Donald Trump's company has been fined $1.6 million as punishment for a scheme in which some of his executives dodged personal income taxes on lavish job perks.

The fine imposed on January 13 was the only penalty a judge could impose on the Trump Organisation.

The company was convicted of 17 tax crimes, including conspiracy and falsifying business records.

The amount imposed by Judge Juan Manuel Merchan was equal to double the amount of taxes a small group of executives avoided on benefits including rent-free apartments, luxury cars and private school tuition.

Trump himself was not on trial. He denied any knowledge of executives evading taxes illegally.

(AP)

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