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Reuters US Domestic News Summary
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New York City tax agency subpoenaed in Trump criminal
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NYC Tax Agency Subpoenaed in Donald Trump Property Investigation Newsweek 20/02/2021 Darragh Roche © Michael Reaves/Getty Images Former US President Donald Trump waves to supporters lined along on the route to his Mar-a-Lago estate on January 20, 2021 in West Palm Beach, Florida. Trump is facing two separate investigations in New York.
The Manhattan District Attorney s Office has issued a subpoena to the New York City Tax Commission as part of an ongoing criminal investigation into former President Donald Trump s businesses.
The move is the latest indication that Manhattan DA Cyrus Vance is examining whether Trump understated the value of his New York properties in order to derive a tax benefit, according to Reuters.
Manhattan DA Subpoenas Tax Agency in Criminal Probe Into Trump Organization: Report
The Manhattan District Attorney’s Office has subpoenaed a New York City property tax agency as part of a criminal probe into one of former President Donald Trump’s companies.
New York City Tax Commission was issued the subpoena, the agency’s president Frances Henn confirmed to Reuters on Friday.
The move suggests that Manhattan District Attorney Cy Vance Jr. is examining the values Trump assigned to some commercial properties in tax filings and loan documents and looking for possible evidence of fraud.
Vance’s office and lawyers for the Trump Organization declined requests from Reuters to comment on the tax commission subpoena.
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