Judge Juan Manuel Mercan imposed the maximum penalty under the law. However, this is only double the amount of tax evasion committed by a small group of officials.
Image Credit source: TV 9
America former president of Donald Trump The company has been fined $1.6 million on Friday. Top executives of Trump’s company paid less personal income taxes on the expensive perks of the job. That was the only fine the court could impose on Trump’s company despite pleading guilty last month to 17 tax-related crimes, including conspiracy and falsifying business documents.
Judge Juan Manuel Mercan imposed the maximum penalty under the law. However, this is only double the amount of tax evasion committed by a small group of officials.
The fine is less than the cost of a house in Trump Tower
Trump is not being investigated in this lawsuit and he denied knowing about any incident of illegal tax evasion by his officials. The fine is less than the cost of a house in Trump Tower and will not affect the company’s operations or future, but a conviction will damage the Republican leader’s image. He has started a campaign to become President again.
Trump Organization will challenge the decision
Subsidiary companies of Trump Organization – Trump Corporation have been fined $8.10 lakh and Trump Payroll Corporation has been fined $800,000. After the fine was ordered, the Trump Organization said it had done nothing wrong and would challenge the decision.
According to the statement, “New York has become the crime and murder capital of the whole world. Yet these politically motivated people only want to trap Trump and their never-ending hunt began the day after he launched his candidacy for the presidency.”
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