Watchdog group urges probe of Ivanka Trump tax break role

Source: Boston

An ethics watchdog group asked the Justice Department on Friday to investigate whether President Donald Trump’s daughter Ivanka violated federal conflict-of-interest law by promoting an Opportunity Zone tax break program from which she could potentially benefit.

The complaint from the Citizens for Responsibility and Ethics in Washington follows an Associated Press investigation last month.

The AP found that Trump and her husband Jared Kushner, both White House advisers, could benefit from the Opportunity Zones program they pushed that offers tax breaks to developers who invest in downtrodden communities.

AP reported Kushner owns a $25 million to $50 million non-management stake in Cadre, a real estate investment firm which has announced plans to invest in several cities under the Opportunity Zones program.

Separately, the couple has interests in at least 13 properties held by Kushner’s family firm that may qualify for the tax breaks because they are in Opportunity Zones in New Jersey, New York and Maryland.

Read more: https://www.boston.com/news/politics/2019/01/04/watchdog-group-urges-probe-of-ivanka-trump-tax-break-role