Donald Trump’s firm was fined $1.6 million on Friday for a plan in which the former president’s senior executives avoided paying personal income taxes on work benefits.
A judge could only impose a punishment on the Trump Organization after its conviction last month for 17 tax offenses, including conspiring and fabricating company documents.
The sum ordered by Judge Juan Manuel Merchan was the utmost allowable by law, equal to twice the taxes avoided by a tiny number of executives on undeclared perks provided by the Trump organization.
Former President Trump was not on trial and denied any knowledge of his executives unlawfully dodging taxes.
Donald Trump’s company was fined $1.6 million as punishment for a scheme in which the former president’s top executives dodged personal income taxes on job perks — a symbolic, hardly crippling blow for an enterprise boasting billions of dollars in assets. https://t.co/CXn1xEL6em
— The Associated Press (@AP) January 13, 2023
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