Edition: Global  
One News Page
“Probably the fastest-access news portal in the world”
> >

AP News Guide: Trump's business ties around the world

SeattlePI.com Wednesday, 11 January 2017
[...] many of them have no business operations and are just are shells set up to hold stakes in other companies, possibly to provide legal and tax protection. The details matter because government ethics experts note the possibility that Trump might be tempted to shape regulations, taxes and foreign policy to enrich himself or his business partners. In a tweet last month, the president-elect said that "no deals will be done" while he is in office and that he will leave management of his company to two of his children, Donald Jr., 39, and Eric, 33, along with executives. What makes the situation so perilous is that no modern U.S. president has owned so much, had it spread so far around the globe, and disclosed so little. Trump owns little overseas. Since losing nearly everything in the 1990s from a debt-fueled foray into casinos, he's preferred to take care of his money and strike royalty deals that entail little more than renting out his name. On Monday, after he was appointed a senior adviser to Trump, Kushner promised to step down from that role and sell some assets to comply with federal ethics laws. In Indonesia, he struck a deal for use of his name and management services for a resort and residential building in Bali owed by the MNC Group, a real estate company run by a politically active businessman, Hary Tanoesoedibjo. Trump faced criticism after India's Economic Times reported that he held a meeting at Trump Tower in Manhattan shortly after the election with business partners in one of two Indian ventures, two residential towers in Pune in the western part of the country. Among many other properties, Trump also has investments in a Chicago hotel and one in Las Vegas and, of course, the new Trump International Hotel in Washington D.C. In the case of the latter, he doesn't own the building, but rents it from the federal government. Trump has been busy adding to his portfolio of golf properties in rece
0
shares
Share on
Facebook
Share on
Twitter
Post on 
Reddit
Share by
Email
 
Source: CBS News - < > Embed

News video: How Trump is handling his business ties, according to his attorney

How Trump is handling his business ties, according to his attorney 14:21

Donald Trump's attorney explains how the president-elect is turning over his business to a trust run by his sons, but he won't divest. Watch Trump's tax attorney, Sheri Dillon, lay out the details.

You Might Like


Recent related news

Trump’s Business Ties in Persian Gulf Raise Questions About His Allegiances

In the feud among Arab nations, President Trump has supported the ones with which he does business.
NYTimes.com - WorldAlso reported by •Raw Story

Trump Says Canal Is 'Doing Quite Well' As He Welcomes Panama's President To White House

Trump Says Canal Is 'Doing Quite Well' As He Welcomes Panama's President To White House
President Trump says the United States has a "very strong" relationship with Panama, and in a meeting with the Panamanian president, he noted the U.S. role in...
WorldNews - Front Page

Companies end sponsorship over Trump killing scene in play

Delta Air Lines and Bank of America have announced that they are pulling their sponsorship of a Manhattan-based theater company's portrayal of Julius Caesar as a...
ChicagoTribune - BusinessAlso reported by •ANI News

New bombshell report reveals Trump’s lengthy ties to Russian mobsters and money laundering

A bombshell Bloomberg View report dropped Wednesday morning detailing President Donald Trump’s shadowy business partnerships with Russian investors on New York...
Raw Story - US

Trump Adopts Harder Line On Cuba

President Trump is imposing new restrictions on travel and trade with Cuba. Individual travelers may have to join tour groups. And business ties with the Cuban...
NPR - PoliticsAlso reported by •Deccan Herald

Donald Trump's Personal Lawyer Has Lawyered Up Amid Russia Probe

President Donald Trump’s personal lawyer has hired his own legal representation to help him during the ongoing investigation into the Trump campaign’s ties...
Huffington Post - PoliticsAlso reported by •Raw Story

REVEALED: Russia abruptly approved long dormant Trump patents on Election Day

According to the New York Times, the abrupt renewal of unused and decades-old patents belonging to President Donald Trump in Russia are further cause for...
Raw Story - US

Trump golf club demands massive tax break from New York town — and wealthy locals are furious

Some residents of the village of Briarcliff Manor, New York, are up in arms against a local Trump golf course, which is demanding that their community cut its...
Raw Story - US


Other recent news in Business

GOOGLE to stop reading your Gmail to help sell adsThe IPHONE feature Steve Jobs wanted, but never got
Five CAMDEN blocks evacuated following Grenfell tower blazeANDREA LEADSOM calls on broadcasters to be more "patriotic" about Brexit
At Kitchen CHICAGO, small food businesses dream bigSPACEX picks up pace of rocket launches
TRUMP SIGNS legislation aimed at improving VA accountabilityGovt clears proposal for setting up a new airport in JEWAR IN GREATER NOIDA
7 months after Denver Broncos hire HOLLYWOOD agent, still no name for stadium'WONDER WOMAN' Will Be The Highest Grossing Live-Action Film Directed By A Female

Twitter

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2017 One News Page Ltd. All Rights Reserved.  |  About us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Privacy Policy  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  Help  |  Contact us  |  DMCA / Content Removal
How are we doing? Send us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter   FIND us on Google+