Monday, March 17, 2025 | 12:59 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

New York state opens probe into Trump family taxes after NYT report

A New York Times investigation found that Trump received vastly more from his father, Fred Trump, than he has previously stated

donald trump
Premium

US President Donald Trump speaks about trade relations with President of the European Commission Jean-Claude Juncker in the Rose Garden of the White House in Washington | Photo: Reuters

Henry Goldman | Bloomberg
New York state tax authorities have opened an investigation into allegations reported in the New York Times that President Donald Trump and his family created their real estate empire through “instances of outright fraud,” evading taxes on hundreds of millions of dollars.

“The Tax Department is reviewing the allegations in the New York Times article and is vigorously pursuing all appropriate avenues of investigation,” said James Gazzale, spokesman for Department of Taxation and Finance.

The Times reported Tuesday that Trump received vastly more from his father, Fred Trump, than he has previously stated and that his father backstopped his son’s

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in