The leader of a self-styled gang involved in a violent altercation in Manhattan last week is something of a delinquent himself, according to New York state. Gavin McInnes, whose group, the Proud Boys, clashed with left-wing activists on the Upper East Side Oct. 12, and his wife Emily owe the state $2,531.19 according to a tax warrant issued Sept. 21. Reached by phone, McInnes said, "I don't know what you're talking about," and did not respond to either an email or text message containing documentation of the lien. Crain's did receive a subsequent email from his attorney, but it did not comment on the tax lien, which property records indicate was issued to the same Gavin McInnes who sold a Williamsburg condominium in 2016 and now resides in Westchester County. Before gaining notoriety as a far-right agitator and television personality, McInnes was a hipster icon and co-founder of the Vice media group, which he left in 2008. He has made numerous controversial public comments about women, … [Read more...] about Proud Boys founder Gavin McInnes owes taxes in New York, records show
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Trump got $413M from his dad, much from questionable tax dodges, New York Times reports
NEW YORK (AP) -- The New York Times reported Tuesday that President Donald Trump received at least $413 million from his father over the decades, much of that through dubious tax dodges, including outright fraud. The 15,000-word Times report contradicts Trump's portrayal of himself as a self-made billionaire who started with just a $1 million loan from his father. The Times says Trump and his father, Fred, avoided gift and inheritance taxes by setting up a sham corporation and undervaluing assets to tax authorities. The Times says its report is based on more than 100,000 pages of financial documents, including confidential tax returns from the father and his companies. A lawyer for Trump, Charles J. Harder, told the Times that there was no "fraud or tax evasion" and that the facts cited in the report are "extremely inaccurate." The White House dismissed the report as a "misleading attack against the Trump family by the failing New York Times." It criticized the newspaper and … [Read more...] about Trump got $413M from his dad, much from questionable tax dodges, New York Times reports
As New York looks into whether the Trump Foundation broke the law, criminal charges remain unlikely: Guest opinion
By Daniel Hemel, University of Chicago (THE CONVERSATION) New York authorities have opened an investigation into the Donald J. Trump Foundation to determine whether the president or his charity broke state tax laws. The state tax probe is just the latest example of the legal trouble the president's foundation faces. In addition, New York Attorney General Barbara Underwood is suing the foundation for allegedly violating state laws governing charities. And she has alerted the IRS and the Federal Election Commission about the foundation's possible federal tax and campaign law violations. As a scholar of federal and state tax law, I believe that these allegations raise serious concerns about Trump's management of the charity that bears his name. I think it is unlikely, however, that the New York state investigation into the Trump Foundation will lead to any criminal charges. A civil lawsuit and a potential criminal probe … [Read more...] about As New York looks into whether the Trump Foundation broke the law, criminal charges remain unlikely: Guest opinion
New York and New Jersey File Suit Against Trump Tax Plan
Sections SEARCH Skip to content Skip to site index New York Subscribe Log In Subscribe Log In Advertisement Supported by ByJesse McKinley July 17, 2018 ALBANY — Four states including New York and New Jersey sued the federal government on Tuesday over a sharp reduction in the deductibility of state and local income taxes, a central part of President Trump’s tax overhaul, saying that the change was an “unconstitutional assault” on their sovereignty. The suit, filed in Federal District Court in Manhattan, had been promised for months, as Democratic leaders of several states denounced the president’s plans, including Gov. Andrew M. Cuomo, who had called the limits on such deductions an “economic missile” at the heart of New York, already a high-tax state, and its economy. On Tuesday, Mr. Cuomo reiterated that criticism and rhetoric in a news conference, saying that the Republican-backed plan is … [Read more...] about New York and New Jersey File Suit Against Trump Tax Plan
New York’s outdated scaffold law penalizes Gateway project
Fixing New York’s decrepit infrastructure is a high priority and includes crucial projects such as the $13 billion Gateway rail tunnel project under the Hudson River. But New York taxpayers will pay hundreds of millions in needless costs unless the outdated "scaffold law" is repealed. While New York, New Jersey and the federal government struggle to arrive at a formula for funding Gateway, New York clings to a 19th-century law that could add as much as $300 million in insurance costs. The vital project will build a new passenger-rail tunnel between New Jersey and Manhattan and then fix the two existing ones, which are more than a century old and badly in need of repair. With such a crucial project being jeopardized by a fight over funding, the last thing it needs is an inflated insurance bill. article continues below advertisement Blame the obsolete scaffold law, which is so outdated that its enactment in 1885 predates the Hudson River tunnels that need replacing. New … [Read more...] about New York’s outdated scaffold law penalizes Gateway project