Nyc Tax Agency Subpoenaed In Donald Trump Property Investigation
The move is the latest indication that Manhattan DA Cyrus Vance is examining whether Trump understated the value of his New York properties in order to derive a tax benefit, according to Reuters. New York City Tax Commission documents, along with other documents already sought from Trump’s creditors, would show whether Trump overstated his properties’ value when seeking loans but understated it for tax purposes. The city’s Department of Finance assesses the market value of properties for tax bills but its valuations can be appealed to the City Tax Commission....