Trump Faces Probe Into Tax Fraud After NYT Exposes How He Helped Parents Scam Millions From Government

The New York State Department of Taxation and Finance has opened an investigation into President Trump for fraud and tax evasion following a major exposé by the New York Times revealing that Trump inherited nearly half a billion dollars of his family’s wealth through tax dodges and outright fraud. New York City Mayor Bill De Blasio has also called for a city probe, and Democratic Senator Ron Wyden has urged the IRS to investigate the president. The Times’ 13,000-word investigative report found the late Fred and Mary Trump transferred more than $1 billion in wealth to their children, paying less than 5 percent of the $550 million in taxes they should have paid under inheritance tax rates. Donald Trump also helped his parents undervalue real estate holdings by hundreds of millions of dollars on IRS tax returns in order to reduce taxes. We speak with David Barstow, three-time Pulitzer Prize-winning investigative reporter for The New York Times and the lead author on the new investigation, “Trump Engaged in Suspect Tax Schemes as He Reaped Riches From His Father.” Barstow shares a byline with Susanne Craig and Russ Buettner.

Spain's Princess Cristina Arrives at Court in Mallorca

Princess Cristina of Spain

BBC: Spain's Princess Cristina has arrived in court to be questioned in connection with a corruption scandal involving her husband's business dealings.

It is the first time in history that a member of Spain's royal family has appeared in court as the subject of a criminal investigation.

Her husband Inaki Urdangarin is alleged to have defrauded regional governments of millions of Euros of public money.

Rebecca Jones spoke with BBC correspondent Tom Burridge, who reports live from outside the courthouse in Mallorca. (+ BBC video) » | Saturday, February 08, 2014

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Spain's Princess Cristina Accused of Being 'Evasive' in Tax Fraud Court Case

THE DAILY TELEGRAPH: Daughter of Spanish King Juan Carlos grilled for several hours in historic inquiry into alleged financial scandal involving her husband, Iñaki Urdangarín

Spain’s Princess Cristina was accused of being “evasive” today as she gave evidence for the first time in a corruption case that has tarnished the image of the country’s royal family.

The 48-year-old younger daughter of King Juan Carlos was grilled for several hours by José Castro, an investigative judge, as part of an inquiry into an alleged financial scandal involving her husband, Iñaki Urdangarín. » | Fiona Govan, Madrid | Saturday, February 08, 2014

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Berlusconi Convicted for Tax Fraud

Italy's highest court has upheld Silvio Berlusconi's conviction for tax fraud at his second and final appeal.

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