TRUMP BUSINESS/TRUMP TAXES: “Mr. Trump’s own business history is filled with overseas financial deals, and some have involved the Chinese state…
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, according to an analysis of the president’s tax records, which were obtained by The New York Times. The foreign accounts do not show up on Mr. Trump’s public financial disclosures, where he must list personal assets, because they are held under corporate names…
In 2017, the company reported an unusually large spike in revenue — some $17.5 million, more than the previous five years’ combined. It was accompanied by a $15.1 million withdrawal by Mr. Trump from the company’s capital account.”
-Mike McIntire, Russ Buettner and Susanne Craig, “Trump Records Shed New Light on Chinese Business Pursuits,” nytimes.com, Oct. 20, 2020