New York. Former US President and businessman Donald Trump’s company could face a hefty fine in a New York court on Friday for helping its executives evade taxes worth $1.6 million. However, this amount is not even as much as buying an apartment in Trump Tower. Neither Trump nor his children, who help operate and promote the Trump Organization, are expected to appear in court during the sentencing hearing. His counsel will appear on behalf of the company.
The Trump Organization is a corporation and not a person, so judges could only fine the company after pleading guilty last month to 17 tax crimes, including conspiracy and producing fraudulent business documents. Under the law, Judge Juan Manuel Merchen can impose a maximum fine of $1.6 million, which is double the total amount the executives saved in taxes, including rent-free apartments in Trump buildings, luxury cars and private school tuition fees, among other benefits. Trump was not personally heard in the case and he expressed ignorance of the case of illegal tax evasion by the executives.
Although the fine imposed by the court will not affect the company’s operations, it may dent the credibility of Republican Trump, who is preparing to enter the presidential race once again. Apart from the company, only one executive has been charged in the case. Alan Weiselberg, the Trump Organization’s chief financial officer, was convicted last summer of $1.7 million in tax evasion. He was sentenced to five months in prison on Tuesday. Trump has termed the lawsuits filed against his company as politically motivated.
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