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CLAIM ID

82a09576

Trump paid China $188,000 in taxes.

Trump had a Chinese bank account that paid $188,561 in taxes from 2013 to 2015.

Trump had a Chinese bank account that paid $188,561 in taxes from 2013 to 2015.An analysis of the President's tax records revealed that Donald Trump has bank accounts in China, Britain and Ireland. These foreign accounts are not listed on Trump's public financial disclosures, even though he must list personal assets held under corporate names.

Alan Garten, a lawyer for the Trump Organization, told the New York Times that the company had opened an account with a Chinese bank and paid local taxes to carry out business in China. He added that no deal, transaction or business activities ever materialized, and the office has been inactive since 2015. As per the tax report, Trump had invested at least $192,000 in five small companies to pursue projects in China.

The New York Times has previously reported that Trump had paid just $750 to the United States taxes in 2016 and 2017. In previous years he had pursued an office tower project in Guangzhou in Southern China that was not successful. In 2016, AFP had reported that the Trump Hotel Collection had negotiated with the State Grid Corporation of China—a government-owned electricity company to brand in Beijing—with a deal worth up to $150 million over 15 years.

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