Trump funnelled money from donors into private business after election loss, report finds

Erwin Oropesa
Donald Trump waves as he boards Marine One on the South Lawn of the White House, in Washington, DC, ((Associated Press))
Donald Trump waves as he boards Marine One on the South Lawn of the White House, in Washington, DC, ((Associated Press))

Donald Trump has funnelled thousands of dollars from his donors into his private business after his loss in the 2020 presidential election.

The former president’s reelection campaign moved roughly $2.8 million from donors into the Trump Organisation over his term, including at least $81,000 since Mr Trump lost the election, according to Forbes, based on campaign finance reports submitted to the Federal Election Commission. .

One of his campaign’s joint-fundraising groups working with the Republican Party also moved another $4.3 million from donors into the former president’s business over the course of his time in office, including $331,000 after Election Day.

A week after news media outlets called the results of the election for Joe Biden, a joint-fundraising committee paid his hotels nearly $300,000 for room

Read More

fifty four Small Business Concepts For Anyone Who Wants To Run Their Own Enterprise

Erwin Oropesa

With our best-selling course Begin-a-Enterprise 101. Today, starting a catering enterprise is all about finding the best area of interest. You may specialize in any kind of food you like, any type of clients, and any type of venues. An skilled WEB OPTIMIZATION Specialist shall be assigned to you. We are educated in SEARCH ENGINE OPTIMISATION practices and can assist your small business move up by means of the positions on search engines like google and yahoo. This person might be your main point of contact and will guide your marketing campaign each step of the best way.

We’re a top-ranked Search Engine Optimization agency dedicated to your development. About 50 of those apps are created by Wix, but you can also access third-social gathering apps, similar to integrations with fashionable marketing instruments like Google AdSense and social media ads. It is fairly fun to browse and see what you … Read More

Business Trusts expect relief on capital gains tax from listed shares

Erwin Oropesa


It is recommended that the capital gains covered under Section 112A should be charged to tax at the rate of 10% and not at MMR in the hands of business trust to bring parity in the provisions.


© Provided by The Financial Express
It is recommended that the capital gains covered under Section 112A should be charged to tax at the rate of 10% and not at MMR in the hands of business trust to bring parity in the provisions.

Union Budget 2021 Expectations: Business Trusts are Cash-Pooling Vehicles (CPVs) that aggregate the funds from investors to fund the large infrastructure or real estate projects. A business trust can be either registered as Real-Estate Investment Trust (‘REIT’) to invest in the real estate properties, malls, offices etc. or Infrastructure Investment Trust (InVIT) to invest in infrastructural projects such as bridges, roads etc.

A specific taxation mechanism for business trust was introduced by the Finance Act, 2014. A business trust (REIT or InVIT) is governed by Section 115UA, Section 10(23FC), Section 10(23FCA) and Section 10(23FD) of the Income-tax Act. A business trust is structured as a hybrid pass-through

Read More