• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Taxation

'Did he just say that?' - Trump reveals view on tax avoidance during first debate

'Did he just say that?' - Trump reveals view on tax avoidance during first debate
  • Helen Burggraf
  • 27 September 2016
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

US presidential candidate Donald Trump’s comment that tax avoidance is “smart”, which came during the first live US Presidential TV debate on Monday evening in Hempstead, New York, is going viral, as a world in which efforts to stamp out extreme forms of tax avoidance have become increasingly widespread.

Among those who might have been shocked by Trump’s response to Democratic opponent Hillary Clinton’s observation that he probably hadn’t released his tax returns – out of concern that they would show he had not personally paid any income tax in recent years – would be expat Americans who have been subject to heavy penalties for failing to file tax returns while abroad, even though they didn’t realise they were required to.

Related articles

  • US political parties target expats, as prez campaign heads into final weeks
  • US election - An ugly debate keeps Trump alive
  • Clinton or Trump: either way, expat Yanks ‘need to review their money plans’
  • Lombard Odier: Consequences of Trump victory should not be underestimated

Those involved in helping Americans to manage their tax obligations most efficiently, meanwhile, such as tax accountants, might have been more inclined to vote for him than previously.

The online edition of the UK tabloid newspaper, the Mirror, features a 48-second clip of the moment when Clinton’s speculations on the reasons Trump has avoided releasing his tax returns elicited his “smart” comment.

Said Clinton: “You’ve got to ask yourself, why won’t he release his tax returns? And I think there may be a couple of reasons. First, maybe he’s not as rich as he says he is. Second, maybe he’s not as charitable as he claims to be.

“Third, we don’t know all of his business dealings, but we have been told through investigative reporting that he owes about $650m to Wall Street and foreign banks.

“Or maybe he doesn’t want the American people, all of you watching tonight, to know that he’s paid nothing in federal taxes, because the only years that anybody’s ever seen were a couple of years when he had to turn them over to state authorities when he was trying to get a casino license, and they showed he didn’t pay any federal income tax.”

“That makes me smart,” Trump interjected at this point.

To see the Mirror’s 48-second clip, captioned “Did he just say that?” click here.

Gulf viewers, meanwhile, were intrigued to learn that Trump regards Dubai and Qatar’s airports as “incredible” compared with some of the best-known facilities in the US.

As the Khaleej Times noted, Trump “praised Dubai and Qatar airports while comparing them to a few US airports with “third world” amenities.

“Our airports are like from a third world country,” the online edition of the UAE-based publication quoted the Republican candidate as saying during the debate, beneath the headline, “Dubai airport incredible compared to US, says Trump in debate”.

“You land at La Guardia, you land at Kennedy, you land at LAX, you land at Newark, and you come in from Dubai and Qatar and you see these incredible – you come in from China, you see these incredible airports, and you land – we’ve become a third world country” Trump went on, the Khaleej Times said.

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Taxation
  • US

More on Taxation

Report proposes 5% UK wealth tax to offset pandemic costs

  • Taxation
  • 09 December 2020
Britons in France warned of steep capital gains tax rises when selling property

  • Taxation
  • 07 December 2020
HMRC payments to tax evasion whistleblowers up 63%

  • Taxation
  • 04 December 2020
OECD to issue international crypto tax evasion standards next year

  • Cryptocurrencies
  • 04 December 2020
Global tax evasion costs $427bn per year

  • Taxation
  • 04 December 2020
Back to Top

Most read

Brexit deals hefty blow to City but industry is ready to fight back
Brexit deals hefty blow to City but industry is ready to fight back
FSCS warns industry of £1bn compensation bill
FSCS warns industry of £1bn compensation bill
Dubai regulator to develop cryptocurrency framework
Dubai regulator to develop cryptocurrency framework
Comment: Are cryptocurrencies the new gold?
Comment: Are cryptocurrencies the new gold?
Jersey Finance partners with Durrell trust to launch global rewilding fund
Jersey Finance partners with Durrell trust to launch global rewilding fund
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading