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Owner of Former Trump Panama Hotel Accuses Trump Organization of Evading Panamanian Taxes

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04.06.2019

The majority owner of the former Trump Panama hotel, who made headlines in March 2018 when he physically forced the Trump Organization out of the building using armed agents, is asserting that he has found documents proving the Trump Organization evaded Panamanian taxes.

The allegation comes from a new legal filing in the continued conflict between the Trump business and Orestes Fintiklis, an investor from Cyprus who owns the company that owns a majority stake in the hotel, which is now a Marriott.

According to the Washington Post, the filing, made in federal court in New York City on Monday, alleges that after the Trump Organization was ejected, Fintiklis was able to look at the hotel’s records and found that the company had not paid the 12.5 percent tax on management fees it collected. Fintiklis also said the company avoided some taxes by underreporting the hotel employees’ salaries. He didn’t say how much the tax bill would amount to, but he argued his company could face millions in liability if Panama comes seeking the taxes that the Trump........

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