Trump could have avoided paying taxes for up to 18 yrs: Report

October 02, 2016 10:03

Donald Trump, who has refused to release his tax records, declared a $916 million loss on his 1995 income tax returns, a major US daily claimed in a startling report that suggested the billionaire Republican presidential nominee could have legally avoided paying taxes for up to 18 years.

In an investigative report, The New York Times said Trump in 1995 showed a gross income tax loss of $915.7 million.

"The 1995 tax records, never before disclosed, reveal the extraordinary tax benefits that Trump, the Republican presidential nominee, derived from the financial wreckage he left behind in the early 1990s through mismanagement of three Atlantic City casinos, his ill-fated foray into the airline business and his ill-timed purchase of the Plaza Hotel in Manhattan," the report said.

The Trump campaign, responding to the news report, said his income tax returns was obtained illegally by the Times and attacked the daily as "an extension of the Clinton Campaign, the Democratic Party and their global special interests."

« Back to LIVE

TOP STORIES

EPL: Arsenal stun United; reignite title hopes

Arsenal reclaim provisional top spot with 1-0 win at Man United

In Pictures - 5 in a row! RCB thrash DC to stay alive

Images from the IPL match between Royal Challengers Bengaluru and Delhi Capitals at the M.Chinnaswamy Stadium, in Bengaluru, on Sunday.

Only 12% of LS candidates in fray in phase 5 are women: ADR

The representation of women in the ongoing Lok Sabha polls continues to remain dismally low, as only about 12 percent of the candidates in the fray in the fifth phase are female, according to an analysis by poll rights body ADR.

One more Indian-origin held in Canada's CAD 22.5 mn gold, cash heist

The gold and currency had arrived on an Air Canada flight from Zurich, Switzerland, to Pearson International Airport in Toronto.

Shock at Italian Open: Tabilo upsets Djokovic

Tabilo broke the top seed four times on Centre Court while not conceding a single break point.