De Blasio says Trump Organization tax practices referred to DA

Source: Politico

De Blasio says Trump Organization tax practices referred to DA
By JOE ANUTA 01/10/2020 12:24 PM EST

The de Blasio administration has referred findings from a review of the Trump Organization's property tax filings to the Manhattan district attorney's office, Mayor Bill de Blasio said Friday morning.

In October, WNYC reported that President Donald Trump's business portfolio would cite lower income from its properties when reporting to the Department of Finance, which is in charge of levying property taxes, but would report higher values when speaking with investors.
....

The desire to shrink property taxes has spawned a cottage industry in New York. Each year, landlords big and small hire tax certiorari firms to contest assessments from the finance department in an attempt to revise them downward. However, WNYC cited experts in its report that said the discrepancies in the Trump Organization's reported income may rise to the level of fraud, Marritz said.

The District Attorney's office declined to comment.

Read more: https://www.politico.com/states/new-york/whiteboard/2020/01/10/de-blasio-says-trump-organization-tax-practices-referred-to-da-1248913