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FightFight

(202 posts) Sun Dec 22, 2024, 12:27 PM Sunday

2019 Trump Hotel in Panama Closed for Alleged Tax Fraud --Trump Now Wants To Repossess The Panama Canal ...HMM

Last edited Sun Dec 22, 2024, 01:22 PM - Edit history (1)

Trump Companies Accused of Tax Evasion in Panama--ARTICLES FROM 2018/2019

In the latest chapter in ongoing litigation, the private equity fund that bought what used to be called the Trump Ocean Club claims the Trump entities pocketed money that should have gone to the Panamanian government.

Private equity manager Orestes Fintiklis and the company he leads, Ithaca Capital Partners, claimed that two Trump companies failed to pay Panamanian taxes equal to 12.5% of the management fees they drew from the hotel.

https://www.propublica.org/article/trump-companies-accused-tax-evasion-panama

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Panama Hotel Owner Declares Victory and Trump’s Name Is Removed

PANAMA CITY, Panama — The majority owner of the Trump International Hotel and Tower declared victory here Monday in his battle to oust the U.S. president’s family business from the property, its only current hotel venture in Latin America.

Within hours, a workman wielding a sledgehammer and crowbar pried the silver letters T-R-U-M-P off the sign at the hotel, the tallest building in Panama. It became the latest property around the world to lose the Trump name since the 2016 election.

https://www.wral.com/panama-hotel-owner-declaring-victory-has-trump-s-name-removed/17395093/

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IS THIS REALLY A CASE OF THE PANAMANIAM GOVERNMENT SCREWING THE US GOVERNMENT OVER--OR IS THIS MORE A CASE OF TRUMP BEING VINDICTIVE FOR BEING EMBARRASED ABOUT NOT PAYING HIS TAXES? LOL--I THINK WE KNOW THE ANSWER

17 replies

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Highlight:

2019 Trump Hotel in Panama Closed for Alleged Tax Fraud --Trump Now Wants To Repossess The Panama Canal ...HMM (Original Post) FightFight Sunday OP

Just another stop on the Revenge Tour. nt RandomNumbers Sunday #1

This message was self-deleted by its author dalton99a Sunday #2

More melodratic hot air from Mr. Trump. wnylib Sunday #3

I actually stayed there after the takeover.... getagrip_already Sunday #4

Building looks like a '50s Edsel grille, which were mocked at the time RedWhiteBlueIsRacist Sunday #5

Oh THAT'S why he's been babbling about the Panama canal. Think. Again. Sunday #6

It's about China. Baitball Blogger Sunday #7

Trump not paying his taxes? So what else is new. Firestorm49 Sunday #8

Retribution - He's Staying With The Theme....nt global1 Sunday #9

Trump makes me tired by his mere existence NotHardly Sunday #10

Ah, thanks for the insight. It did seem a bit out of the blue, even for Trump. SunSeeker Sunday #11

Now this weird story makes perfect sense lame54 Sunday #12

that explains it. retribution barbtries Sunday #13

It really is a shame that he hasn't yet stroked out on live national tv Orrex Sunday #14

Wishing him dead is an awful thing Mr.Bee Sunday #15

Yeah, it's hard for me to celebrate the death of another person Orrex Sunday #16

Trump Companies Accused of Tax Evasion in Panama LetMyPeopleVote Sunday #17

RandomNumbers

(18,244 posts)

1. Just another stop on the Revenge Tour. nt

Reply to FightFight (Original post)

Sun Dec 22, 2024, 12:39 PM

Sunday

Response to FightFight (Original post)

dalton99a This message was self-deleted by its author.

wnylib

(24,773 posts)

3. More melodratic hot air from Mr. Trump.

Reply to FightFight (Original post)

Sun Dec 22, 2024, 01:03 PM

Sunday

Instead of just saying that canal fees are too high and should be reduced, he uses melodramatic threats to take over the canal if he doesn't get the results he wants.

But, canal fees are probably just his excuse to retaliate against Panama for his problems with tax evasion for his hotel there.

getagrip_already

(17,544 posts)

4. I actually stayed there after the takeover....

Reply to FightFight (Original post)

Sun Dec 22, 2024, 01:07 PM

Sunday

So no branding or management present.

But the infrastructure was poor. If the could have saved money on materials or workmanship anywhere, they did.

It wasnt a terrible place. It was just tinny. Joints didnt line up in masonry. Surfaces didnt seem flat or level. Sliding doors didnt close properly. Cracks were everywhere.

Basically, the infrastructure was 80% of what it should have been.

All bling, no luster.

RedWhiteBlueIsRacist

(292 posts)

5. Building looks like a '50s Edsel grille, which were mocked at the time

Reply to FightFight (Original post)

Sun Dec 22, 2024, 01:10 PM

Sunday

for resembling a , well...[female body part]. In other words, a building trump could "grab"!

Think. Again.

(19,090 posts)

6. Oh THAT'S why he's been babbling about the Panama canal.

Reply to FightFight (Original post)

Sun Dec 22, 2024, 01:15 PM

Sunday

Baitball Blogger

(48,431 posts)

7. It's about China.

Reply to FightFight (Original post)

Sun Dec 22, 2024, 02:04 PM

Sunday

Firestorm49

(4,223 posts)

8. Trump not paying his taxes? So what else is new.

Reply to FightFight (Original post)

Sun Dec 22, 2024, 02:05 PM

Sunday

global1

(25,960 posts)

9. Retribution - He's Staying With The Theme....nt

Reply to FightFight (Original post)

Sun Dec 22, 2024, 02:10 PM

Sunday

NotHardly

(1,370 posts)

10. Trump makes me tired by his mere existence

Reply to FightFight (Original post)

Sun Dec 22, 2024, 02:28 PM

Sunday

SunSeeker

(54,063 posts)

11. Ah, thanks for the insight. It did seem a bit out of the blue, even for Trump.

Reply to FightFight (Original post)

Sun Dec 22, 2024, 02:30 PM

Sunday

That explains it.

lame54

(37,206 posts)

12. Now this weird story makes perfect sense

Reply to FightFight (Original post)

Sun Dec 22, 2024, 02:33 PM

Sunday

barbtries

(29,955 posts)

13. that explains it. retribution

Reply to FightFight (Original post)

Sun Dec 22, 2024, 02:44 PM

Sunday

it seemed so random but now it all makes sense.

Orrex

(64,323 posts)

14. It really is a shame that he hasn't yet stroked out on live national tv

Reply to FightFight (Original post)

Sun Dec 22, 2024, 02:52 PM

Sunday

Mr.Bee

(426 posts)

15. Wishing him dead is an awful thing

Reply to Orrex (Reply #14)

Sun Dec 22, 2024, 04:02 PM

Sunday

I wish I could stop doing it.

Wait a minute. No I don't.

Orrex

(64,323 posts)

16. Yeah, it's hard for me to celebrate the death of another person

Reply to Mr.Bee (Reply #15)

Sun Dec 22, 2024, 04:22 PM

Sunday

But not impossible, as it turns out.

LetMyPeopleVote

(155,533 posts)

17. Trump Companies Accused of Tax Evasion in Panama

Reply to FightFight (Original post)

Sun Dec 22, 2024, 07:06 PM

Sunday

This is a typical trump stunt. Panama dared to enforce the law against this asshole and now trump wants to go to war.

Link to tweet

https://www.propublica.org/article/trump-companies-accused-tax-evasion-panama

The owners of a 70-story Panama City hotel tower formerly managed by President Donald Trump’s companies are accusing them of stiffing the Panamanian government.

In a legal filing Monday in an ongoing lawsuit in Manhattan federal court, private equity manager Orestes Fintiklis and the company he leads, Ithaca Capital Partners, claimed that two Trump companies failed to pay Panamanian taxes equal to 12.5% of the management fees they drew from the hotel.

The Trump entities were allegedly supposed to withhold those fees in advance and pay them to the government regardless of whether the property was profitable or not. Instead, the Trump companies simply kept the money, the suit claims, “thus intentionally evading taxes.” That and other financial irregularities exposed Fintiklis and the companies he represents “to millions of dollars in liability,” according to the suit, which also claims Trump companies sought to cover up their actions. The filing does not say whether a tax penalty has been levied by Panamanian authorities.......

Trump’s company tried unsuccessfully to convince Panamanian President Juan Carlos Varela to intervene on Trump’s behalf. When Fintiklis’ group eventually took control, it found walls had been hastily built to obstruct access to certain areas — one was in the middle of a hallway, another in front of an elevator bank — including inner offices. Trump employees also shredded hotel documents, Fintiklis’ group alleged.

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