Donald Trump’s company fined $1.6 million, find out why

Judge Juan Manuel Marcan imposed the maximum sentence under the law. However, this is only double the amount of tax evasion committed by a small group of officials.

Donald Trump. (file image)

Image credit source: PKBnews

America Its former president Donald Trump The company was fined $1.6 million on Friday. Top executives at Trump companies paid lower personal income taxes on expensive job benefits. The court imposed the only fine on Trump’s company despite his conviction last month of 17 tax-related crimes, including conspiracy and falsifying business documents.

Judge Juan Manuel Marcan imposed the maximum sentence 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 price of a house in Trump Tower

Trump is not being investigated in the case and has denied knowledge of illegal tax evasion by his officials. The fine is less than the price of a home in Trump Tower and won’t affect the company’s operations or future, but a conviction would damage the Republican leader’s image. He has started campaigning for the presidency again.

The Trump Organization will challenge the decision

The Trump Organization’s subsidiary companies – the Trump Corporation – were fined $8.10 million and the Trump Payroll Corporation $800,000. After the fine was ordered, the Trump Organization said it had done nothing wrong and would challenge the decision.

“New York has become the crime and murder capital of the world,” the statement said. Yet these politically motivated people only want to trap Trump and their endless hunt began the day after he launched his candidacy for the presidency.”

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