The release of six years of Donald Trump’s tax returns reveals the former president had multiple overseas bank accounts throughout his time in the White House.
House Democrats on Friday revealed Trump’s records after a lengthy legal battle.
The businessman-turned-president’s years of refusing to release the files fueled public suspicion about what they might reveal. Some political observers believed they might contain important clues about his foreign business connections, or perhaps that he was less wealthy than he often claimed.
The publication revealed that Trump had listed several foreign bank accounts during his tenure.
In 2016, Trump had accounts in China, Ireland, the UK, and St. Maarten, according to CNN. He re-listed the top three the following year and only the UK in 2018 and 2020.
Congressman-elect Daniel Goldman, a New York Democrat, singled out Trump’s handling of a country.
“Trump had bank accounts in China during his tenure through 2018,” Goldman wrote in a tweet. “In general, you only have bank accounts abroad if you transact in that country’s currency. What business did Trump do in China when he was President?”
The New York Times reported in 2020 on the bank account in China and that it was linked to a business venture by Trump International Hotels Management there. At the same time Trump was running for re-election, he accused Democratic opponent Joe Biden of being China’s so-called puppet.
However, according to his own statements and statements, Biden has not received any income from China or conducted any business with China.
In Trump’s first year as president, he paid less US federal income taxes than foreign taxes. His taxes abroad were around $1 million in 2017, but he only paid $750 in the US that year.
CNN listed a number of other countries where Trump had named business income, expenses, taxes or other key financial items, including Azerbaijan, Brazil, Canada, China, Dominican Republic, Georgia, Grenada, India, Indonesia, Ireland, Israel, Mexico, Panama , Philippines, Puerto Rico, Qatar, South Korea, St. Maarten, St. Vincent, Turkey, United Arab Emirates and United Kingdom.
Trump previously warned House Democrats in a statement sent to news week that they “never should have published the records”. He also argued that the US Supreme Court should not have approved her release.
“This is going to lead to terrible things for so many people,” Trump said. “The great division in America is about to get much worse. The radical left Democrats have armed everything, but remember, this is a dangerous one-way street!”
news week has reached out to Trump’s office for comment.
Do you have a tip on a political story that news week should cover? Do you have a question about Donald Trump? Let us know at Politics@newsweek.com.
https://www.newsweek.com/full-list-trumps-foreign-bank-accounts-1770459 Complete list of Trump’s foreign bank accounts