Trump Organization accused of tax crimes
The Trump Organization, the family-owned real estate company that brought Donald Trump to the forefront, was accused Thursday of carrying out a 15-year tax evasion scheme. The charges open a new aggressive phase in a long-standing criminal investigation into the former president and his company.
While the former president himself has not been charged, his longtime and trusted CFO Allen Weisselberg has surrendered to authorities. He is accused of avoiding taxes on $ 1.7 million in income and faces robbery, tax evasion and other charges.
The charges stem from the Manhattan District Attorney’s ongoing investigation into the business practices of Trump and his company. Prosecutors looked into whether Trump and the Trump Organization manipulated property values ââto obtain loans and tax benefits, among other potential financial crimes.
Fidelity test: Weisselberg is under increasing pressure to turn against the Trump family.
Analysis: The accusations can hurt Trump’s finances, as the indictments can jeopardize relationships with the banks and Trump has large loans outstanding.
EU vaccination certificates
Digital vaccination cards have entered into force in the EU to allow residents of Member States to travel more freely. But there has been friction over which vaccines are eligible – only those made by Pfizer-BioNTech, Moderna, Johnson & Johnson, and AstraZeneca – and how the certificates are used.
There are already discrepancies in how Member States use the system, with some countries denying airlines access to vaccination cards due to privacy concerns.
A month after Greece reopened to tourists, coronavirus cases in the country reached an all-time high as the number of visitors, especially from the United States, continued to rise. But in Portugal, the government is preparing to reintroduce nighttime curfews in some cities – including some tourist hubs – as it struggles to cope with the spread of the Delta variant.
Other travel news: The top executive of Air France-KLM has called on the United States to ease restrictions on visitors to the EU. The Biden administration is considering lifting its ban, the spokesperson said.
Here are the latest pandemic updates and maps.
In other developments:
Global support for a minimum corporate tax
A total of 130 countries have agreed on a plan in which multinational corporations would pay tax rates of at least 15% wherever they operate. The plan would generate $ 150 billion in additional tax revenue each year, the OECD said.
The conceptual framework also includes rules that would require large tech companies and other global companies to pay taxes in countries where their goods or services are sold, even if they are not physically present there.
Despite some previous mistrust, China, Russia and India are among the signatories. But some large tax havens, including Ireland and some Caribbean countries, have still not signed the deal, which could weaken its effectiveness.
Details: The Irish government has said a deal should allow small countries to continue competing with large ones to make up for the loss of any tax advantage.
Declaration: “Today marks an important step in moving the global economy forward to be more equitable for middle-class workers and families in the United States and around the world,” President Biden said in a statement. .
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Activists criticized the TV show “In the Dark” for choosing a sighted actress in a blind lead role. The protests beg the question: is there a right way to go blind?
The most authentic performance of blindness is alternately precise and awkward, writes Andrew Leland, who regularly loses his sight. âFor most of the day, blind people are just people, until they come across an obstacle or someone says something that brings them back to awareness of their difference.
In the 1950s, the hamlet of Cherry Grove on Fire Island in New York City was a haven for gays and lesbians. See dozens of enlarged photos from the time.
100 years of the Chinese Communist Party
China yesterday celebrated the 100th anniversary of the founding of its ruling Communist Party. Xi Jinping, the country’s leader, delivered a defiant speech in which he said China’s rise to be unstoppable, as a crowd of 70,000 waved flags, sang and applauded in unison.
The event was organized to convey a powerful nation at ease as the rest of the world battled the pandemic. âThe Chinese people will never allow foreign forces to intimidate, oppress or enslave us,â Xi said, wearing a Mao costume. “Whoever harbors illusions of doing this will break his head and spill blood on the Great Wall of steel built from the flesh and blood of 1.4 billion Chinese.”
The party’s longevity has baffled its critics and, as The Economist reports, no other dictatorship has transformed so much – from a famine crisis in Mao Zedong’s time to the world’s second-largest economy. Economic growth and a sharp decline in rural poverty in many places, more than ideology, have captured the hearts of many citizens.
For this week’s event, officials are rewriting parts of history and cracking down on critics in order to glorify the party’s contributions to Chinese citizens. But some party members wonder if Xi is doing enough to move the country forward. They are also concerned that he has removed the checks and balances, introduced under Deng Xiaoping, that have helped the party avoid embarrassing mistakes and let the economy thrive.
Related: We’ve compiled footage showing the unlikely rise of a party born from the rubble of the dynasty. The anniversary also inspired a wave of state-approved art.