Trump Foundation Campaign Coordination Worst-Case Tax Scenario
I asked Mr. Hopkins if he saw anything criminal in all this and he did not think so. I know you may have read other people saying otherwise, but Mr. Hopkins does not see anything criminal. Remember the sui generis. There is no precedent for anything like went on, probably because it would take a Donald Trump to make it happen and he is also on the sui generis side. A lot of tax crimes require an element of willfulness, which would be very difficult to prove in this case.
Mr. Hopkins also noted that a skillful advocate would be able to provide other ways of looking at what happened. Here is one I came up with. The foundation wanted to help veterans. I mean, who doesn’t? The veterans’ groups reached out to the campaign because it was more prominent and had more infrastructure. By involving the campaign in the donation you were highlighting Mr. Trump’s concern about veterans as he mourned the debilitating foot condition that cut off his own military career at the high school cadet level. But. But. You are also giving more publicity to organizations like the Puppy Jake Foundation, which really is a very worthy cause. Maybe that is what the foundation had in mind and it was the foundation exploiting the campaign for charitable purposes and not the campaign exploiting the foundation for political purposes. Anyway, that’s my story and I’m sticking with it.
Trump Foundation Imbroglio With New York AG Serves As A Lesson For Small Foundations
Reilly’s Fourth Law of Tax Planning – Execution isn’t everything but its a lot. If the two Donalds, Eric and Ivanaka had sat with CFO Allen Wessellberg once a year and had some minutes typed up about the approved donations for the coming year, that would have defused a significant part of the AG complaint. When donations not on the list came up, there could have been an email vote. There is a decent chance that would have prevented the political contribution. Somebody should have been following up on acknowledgments which would have uncovered the problems with the paintings. Why did it not run that way? Because it is not Trump’s style. Again from Art of the Deal.
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Over and over again courts have said that there is nothing sinister in so arranging one’s affairs as to keep taxes as low as possible. Everybody does so, rich or poor; and all do right, for nobody owes any public duty to pay more than the law demands: taxes are enforced exactions, not voluntary contributions. To demand more in the name of morals is mere cant.
