Trump Organization reports small bump in foreign government profits in 2018
Source: Washington Post
By Jonathan O'Connell
February 25 at 7:00 AM
The Trump Organization said Sunday that it had donated the companys 2018 profits from its business with foreign governments to the U.S. Treasury, the second year in a row that President Trumps company has made such a move in an attempt to avoid running afoul of an anti-corruption provision of the Constitution.
The donation was for $191,538, up from last years donation of $151,470, according to a check dated Feb. 20 and made out to the Treasury, a copy of which the company provided. The check was signed by the presidents eldest sons, Donald Trump Jr. and Eric Trump, who are running the company while their father is in office.
This voluntary donation fulfills our pledge to donate profits from foreign government patronage at our hotels and similar businesses during our fathers term in office, Eric Trump said in a statement.
Although the Trump Organization and its legal and ethics advisers argue that the company is not legally required to make such a donation, the company has said the move should fend off any questions about whether Trump is violating the Constitutions foreign emoluments clause, which bars the president from accepting gifts or payments from foreign governments.
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Read more: https://www.washingtonpost.com/business/economy/trump-organization-reports-small-bump-in-foreign-government-profits-in-2018/2019/02/24/b49f3b6c-3872-11e9-a2cd-307b06d0257b_story.html
SHRED
(28,136 posts)I hope Mueller isn't fooled.
llmart
(15,565 posts)I can't believe that anyone would think this is accurate reporting. That's equivalent to one Russian spending a week at one of his dumpy hotels.
ananda
(28,892 posts)I bet that amount is just a fraction ....
SWBTATTReg
(22,191 posts)LiberalFighter
(51,267 posts)Also, will they do this in 2021 for 2020?