The stiffest penalty Donald Trump’s company could receive for helping its executives dodge taxes is a $1.6 million fine.
’s company could receive when it is sentenced Friday by a New York judge for helping its executives dodge taxes is a $1.6 million fine — not even enough to buy a Trump Tower apartment.
By law, the maximum penalty that can be imposed by Judge Juan Manuel Merchan is around $1.6 million, an amount equal to double the taxes a small group of executives avoided on benefits including rent-free apartments in Trump buildings, luxury cars and private school tuition.While a fine of that amount isn’t likely to affect the company’s operations or future, the conviction is a black mark on the Republican’s reputation as a savvy businessman as he mounts a campaign to regain the White House.
Trump has said the case against his company was part of a politically motivated “witch hunt” waged against him by vindictiveThe criminal case involved financial practices and pay arrangements that the company halted when Trump was elected president in 2016. Trump Organization lawyers repeated the mantra, “Weisselberg did it for Weisselberg,” contending that he had gone rogue and betrayed the company’s trust.
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