Donald Trump’s company has been fined $1.6 million (£1.3 million) as punishment for a scheme in which the former president’s top executives dodged personal income taxes on lavish job perks.
The punishment was the only penalty a judge could impose on The Trump Organization for its conviction last month for 17 tax crimes including conspiracy and falsifying business records.
The amount imposed by Judge Juan Manuel Merchan today was the maximum allowed by law, an amount equal to double the taxes a small group of executives avoided on benefits, including rent-free apartments in Trump buildings, luxury cars and private school tuition.
