Wednesday, June 10, 2020

Trump comes up trump

Donald Trump’s Scottish golf courses are expected to get a tax rebate of nearly £1m as part of a government bailout for tourism businesses hit by the coronavirus crisis.

Trump Turnberry had been due to pay £850,766 in property tax this year and Trump Aberdeenshire £121,170.
This week South Ayrshire, the local council which includes Turnberry, and Aberdeenshire council are expected to tell both businesses they no longer have to pay that tax, known as business rates, because they qualify for 100% relief.
Both resorts have been able to avoid paying corporation tax, the main business tax in the UK, because they consistently report heavy losses due to their debts to Trump himself, cumulatively put at £155m in 2018.

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