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You are here: Home / Report: Gov. Christie’s State Gave Trump Sweet Deal to Ease His $30 Million Casino Tax Debt

Report: Gov. Christie’s State Gave Trump Sweet Deal to Ease His $30 Million Casino Tax Debt

· August 17, 2016 ·

Donald Trump hits just keep coming from The New York Times. Wednesday’s cover article was a deep dive into an apparent sweet deal that then New Jersey Governor Chris Christie gave to Trump on his mounting casino tax debt that was plaguing his business. The article goes on to speculate if Trump was given “special treatment” because of his close relationship with the New Jersey Governor.  From 2002 through 2006, as Trump’s casinos in New Jersey struggled financially, Trump also faced a mounting unpaid tax bill that the business claimed they couldn’t afford. That suddenly changed in 2011 when Chris Christie took officer.  The article states:The total (Tax bill), with interest, had grown to almost $30 million. The state had doggedly pursued the matter through two of the casinos’ bankruptcy cases and even accused the company led by Mr. Trump of filing false reports with state casino regulators about the amount of taxes it had paid.But the year after Governor Christie, a Republican, took office, the tone of the litigation shifted. The state entertained settlement offers. And in December 2011, after six years in court, the state agreed to accept just $5 million, roughly 17 cents on the dollar of what auditors said the casinos owed.From $30 million in… Read full this story

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Report: Gov. Christie’s State Gave Trump Sweet Deal to Ease His $30 Million Casino Tax Debt have 360 words, post on lawnewz.com at August 17, 2016. This is cached page on Law Breaking News. If you want remove this page, please contact us.

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