Aside from the continued embarrassment of being a TV businessman who proves time and again to be bad at business, the discrepancy between his US and UK filings could put Trump in further legal trouble
Donald Trump in June 2016 at Trump International in Scotland. Photo: Jeff J Mitchell/Getty Images Despite California’s Trump-targeting law requiring candidates to release their tax returns in order to be listed on the ballot for the state’s 2020 primary, the president’s tax filings remain as opaque as they were when he dipped his elevator shoes into politics in 2015.
In a 2018 U.S. filing, Trump claimed that his courses in Ayrshire and Aberdeen were each worth over $50 million, but in the U.K., the balance sheets showed that their combined debt exceeded assets by the equivalent of $64.8 million. In a 2018 public financial disclosure filed with the U.S. Office of Government Ethics, he stated that the U.K. golf courses made a profit of $23.8 million, though filings in the U.K. for that same time period showed a loss equal to $6.3 million. In addition, the U.S.
Aside from the continued embarrassment of being a TV businessman who proves time and again to be bad at business, the $165 million discrepancy between the US and UK filings could put Trump in further legal trouble.
Trump’s golf resorts in the British Isles have served as a peak behind the curtain of the Trump Organization before. Despite calling climate change “a total hoax,” “bullshit,” and “pseudoscience,” Trump cited “global warming and its effects” in a zoning application to build a seawall at his course in Ireland in 2016. Like his willingness to accept climate science, it appears that the president’s interest in financial transparency ends at the American border.
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