Trump's company 'cheated' tax authorities, prosecutor says at trial

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Trump's company 'cheated' tax authorities, prosecutor says at trial
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Between at least 2005 and 2021, the company paid executives in perks such as rent and car leases without reporting it to tax authorities, says prosecutor

The case is among the mounting legal troubles facing the 76-year-old Trump as he considers another bid for the presidency after losing in 2020.Sign up to receive daily headline news from the Calgary Herald, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

“Everybody wins here,” Hoffinger said. “Of course, everybody but the tax authorities. The problem with doing it this way is that it’s not legal.”Weisselberg agreed to testify as a prosecution witness at trial as part of a plea agreement for him to receive a sentence of five months in jail. A lawyer for the other unit charged – the Trump Payroll Corporation – is expected to give an opening statement later on Monday.

Weisselberg, was charged along with the company last year, and admitted in August to scheming with the Trump Organization and others not to report or to misreport substantial amounts of his and other employees’ income.Article content The day he pleaded guilty, the Trump Organization called Weisselberg a “fine and honorable man” who had been harassed by law enforcement in a “politically motivated quest” to get Trump.

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