Russia

Trump’s tax returns show little income from Russia

According to Trump’s lawyers, Trump’s tax returns show he earned a very insignificant amount of income from Russia.

Excerpt from Reuters:

A review of President Donald Trump’s tax returns from the past 10 years showed no income from Russian sources outside of a few exceptions, and indicated he did not owe money to Russian lenders, his lawyers said in a letter released by the White House on Friday.

The letter, dated March 8, said the tax returns did not reflect any Trump income from Russian sources, aside from money earned during the 2013 Miss Universe pageant in Moscow and the 2008 sale of a Florida estate to a Russian billionaire.

Trump’s businesses also may have earned “immaterial” amounts of money from Russians over the years through ordinary sales transactions, including condominium rentals or sales, hotel rooms, rounds of golf, or sales of Trump-licensed products, Sheri Dillon and William Nelson, attorneys at Morgan Lewis and Bockius, said in the letter.

The tax returns also did not reflect any payments by Trump or his businesses to Russian lenders, any Trump investments in Russian firms or any investment by Russians in Trump’s companies, the letter said.

As long as no tampering or fabrication is involved this is a huge win for Trump in the Trump-Russia collusion investigation. Many of the main conspiracies surrounding Trump colluding with Russia involve his supposed business ties to Russia.

 

No, this won’t stop the extreme left from continuing their witch hunt against Trump but does that really surprise anyone?

Letter from Trump’s lawyer:

Trump tax return letter

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