NZ Herald
  • Home
  • Latest news
  • Herald NOW
  • Video
  • New Zealand
  • Sport
  • World
  • Business
  • Entertainment
  • Podcasts
  • Quizzes
  • Opinion
  • Lifestyle
  • Travel
  • Viva
  • Weather

Subscriptions

  • Herald Premium
  • Viva Premium
  • The Listener
  • BusinessDesk

Sections

  • Latest news
  • New Zealand
    • All New Zealand
    • Crime
    • Politics
    • Education
    • Open Justice
    • Scam Update
  • Herald NOW
  • On The Up
  • World
    • All World
    • Australia
    • Asia
    • UK
    • United States
    • Middle East
    • Europe
    • Pacific
  • Business
    • All Business
    • MarketsSharesCurrencyCommoditiesStock TakesCrypto
    • Markets with Madison
    • Media Insider
    • Business analysis
    • Personal financeKiwiSaverInterest ratesTaxInvestment
    • EconomyInflationGDPOfficial cash rateEmployment
    • Small business
    • Business reportsMood of the BoardroomProject AucklandSustainable business and financeCapital markets reportAgribusiness reportInfrastructure reportDynamic business
    • Deloitte Top 200 Awards
    • CompaniesAged CareAgribusinessAirlinesBanking and financeConstructionEnergyFreight and logisticsHealthcareManufacturingMedia and MarketingRetailTelecommunicationsTourism
  • Opinion
    • All Opinion
    • Analysis
    • Editorials
    • Business analysis
    • Premium opinion
    • Letters to the editor
  • Politics
  • Sport
    • All Sport
    • OlympicsParalympics
    • RugbySuper RugbyNPCAll BlacksBlack FernsRugby sevensSchool rugby
    • CricketBlack CapsWhite Ferns
    • Racing
    • NetballSilver Ferns
    • LeagueWarriorsNRL
    • FootballWellington PhoenixAuckland FCAll WhitesFootball FernsEnglish Premier League
    • GolfNZ Open
    • MotorsportFormula 1
    • Boxing
    • UFC
    • BasketballNBABreakersTall BlacksTall Ferns
    • Tennis
    • Cycling
    • Athletics
    • SailingAmerica's CupSailGP
    • Rowing
  • Lifestyle
    • All Lifestyle
    • Viva - Food, fashion & beauty
    • Society Insider
    • Royals
    • Sex & relationships
    • Food & drinkRecipesRecipe collectionsRestaurant reviewsRestaurant bookings
    • Health & wellbeing
    • Fashion & beauty
    • Pets & animals
    • The Selection - Shop the trendsShop fashionShop beautyShop entertainmentShop giftsShop home & living
    • Milford's Investing Place
  • Entertainment
    • All Entertainment
    • TV
    • MoviesMovie reviews
    • MusicMusic reviews
    • BooksBook reviews
    • Culture
    • ReviewsBook reviewsMovie reviewsMusic reviewsRestaurant reviews
  • Travel
    • All Travel
    • News
    • New ZealandNorthlandAucklandWellingtonCanterburyOtago / QueenstownNelson-TasmanBest NZ beaches
    • International travelAustraliaPacific IslandsEuropeUKUSAAfricaAsia
    • Rail holidays
    • Cruise holidays
    • Ski holidays
    • Luxury travel
    • Adventure travel
  • Kāhu Māori news
  • Environment
    • All Environment
    • Our Green Future
  • Talanoa Pacific news
  • Property
    • All Property
    • Property Insider
    • Interest rates tracker
    • Residential property listings
    • Commercial property listings
  • Health
  • Technology
    • All Technology
    • AI
    • Social media
  • Rural
    • All Rural
    • Dairy farming
    • Sheep & beef farming
    • Horticulture
    • Animal health
    • Rural business
    • Rural life
    • Rural technology
    • Opinion
    • Audio & podcasts
  • Weather forecasts
    • All Weather forecasts
    • Kaitaia
    • Whangārei
    • Dargaville
    • Auckland
    • Thames
    • Tauranga
    • Hamilton
    • Whakatāne
    • Rotorua
    • Tokoroa
    • Te Kuiti
    • Taumaranui
    • Taupō
    • Gisborne
    • New Plymouth
    • Napier
    • Hastings
    • Dannevirke
    • Whanganui
    • Palmerston North
    • Levin
    • Paraparaumu
    • Masterton
    • Wellington
    • Motueka
    • Nelson
    • Blenheim
    • Westport
    • Reefton
    • Kaikōura
    • Greymouth
    • Hokitika
    • Christchurch
    • Ashburton
    • Timaru
    • Wānaka
    • Oamaru
    • Queenstown
    • Dunedin
    • Gore
    • Invercargill
  • Meet the journalists
  • Promotions & competitions
  • OneRoof property listings
  • Driven car news

Puzzles & Quizzes

  • Puzzles
    • All Puzzles
    • Sudoku
    • Code Cracker
    • Crosswords
    • Cryptic crossword
    • Wordsearch
  • Quizzes
    • All Quizzes
    • Morning quiz
    • Afternoon quiz
    • Sports quiz

Regions

  • Northland
    • All Northland
    • Far North
    • Kaitaia
    • Kerikeri
    • Kaikohe
    • Bay of Islands
    • Whangarei
    • Dargaville
    • Kaipara
    • Mangawhai
  • Auckland
  • Waikato
    • All Waikato
    • Hamilton
    • Coromandel & Hauraki
    • Matamata & Piako
    • Cambridge
    • Te Awamutu
    • Tokoroa & South Waikato
    • Taupō & Tūrangi
  • Bay of Plenty
    • All Bay of Plenty
    • Katikati
    • Tauranga
    • Mount Maunganui
    • Pāpāmoa
    • Te Puke
    • Whakatāne
  • Rotorua
  • Hawke's Bay
    • All Hawke's Bay
    • Napier
    • Hastings
    • Havelock North
    • Central Hawke's Bay
    • Wairoa
  • Taranaki
    • All Taranaki
    • Stratford
    • New Plymouth
    • Hāwera
  • Manawatū - Whanganui
    • All Manawatū - Whanganui
    • Whanganui
    • Palmerston North
    • Manawatū
    • Tararua
    • Horowhenua
  • Wellington
    • All Wellington
    • Kapiti
    • Wairarapa
    • Upper Hutt
    • Lower Hutt
  • Nelson & Tasman
    • All Nelson & Tasman
    • Motueka
    • Nelson
    • Tasman
  • Marlborough
  • West Coast
  • Canterbury
    • All Canterbury
    • Kaikōura
    • Christchurch
    • Ashburton
    • Timaru
  • Otago
    • All Otago
    • Oamaru
    • Dunedin
    • Balclutha
    • Alexandra
    • Queenstown
    • Wanaka
  • Southland
    • All Southland
    • Invercargill
    • Gore
    • Stewart Island
  • Gisborne

Media

  • Video
    • All Video
    • NZ news video
    • Herald NOW
    • Business news video
    • Politics news video
    • Sport video
    • World news video
    • Lifestyle video
    • Entertainment video
    • Travel video
    • Markets with Madison
    • Kea Kids news
  • Podcasts
    • All Podcasts
    • The Front Page
    • On the Tiles
    • Ask me Anything
    • The Little Things
  • Cartoons
  • Photo galleries
  • Today's Paper - E-editions
  • Photo sales
  • Classifieds

NZME Network

  • Advertise with NZME
  • OneRoof
  • Driven Car Guide
  • BusinessDesk
  • Newstalk ZB
  • Sunlive
  • ZM
  • The Hits
  • Coast
  • Radio Hauraki
  • The Alternative Commentary Collective
  • Gold
  • Flava
  • iHeart Radio
  • Hokonui
  • Radio Wanaka
  • iHeartCountry New Zealand
  • Restaurant Hub
  • NZME Events

SubscribeSign In
Advertisement
Advertise with NZME.
Home / Business

Donald Trump accused of profiting from presidency

By Emma Reynolds, AP
news.com.au·
6 Dec, 2018 09:54 PM4 mins to read

Subscribe to listen

Access to Herald Premium articles require a Premium subscription. Subscribe now to listen.
Already a subscriber?  Sign in here

Listening to articles is free for open-access content—explore other articles or learn more about text-to-speech.
‌
Save

    Share this article

United States President Donald Trump. Photo / Getty Images

United States President Donald Trump. Photo / Getty Images

As the Russia probe barrels towards a conclusion, Donald Trump is also fending off separate accusations of profiting from the presidency.

The US President is about to be forced to hand over documents relating to his business, the Trump Organisation, as part of a lawsuit backed by the Democrats.

The case alleges that foreign and US government spending at Trump's Washington DC hotel amounts to gifts to the President, violating the Constitution.

The Attorneys-General of the District of Columbia and Maryland have issued subpoenas to the hotel's management and 37 entities, including the Treasury, Department of Defence, General Services Administration, Department of Commerce and Department of Agriculture.

The departments have all spent taxpayer dollars at the hotel or have information on Trump's finances that are relevant to the case.

Advertisement
Advertise with NZME.
Advertisement
Advertise with NZME.

Groups representing Saudi Arabia, Kuwait, Bahrain and the Philippines have hosted events at Trump's Washington hotel since he took office.

The President has long refused to publish his tax returns, so the new documents could be a rare insight into the workings of his real estate empire. While it's unlikely he will have to reveal any personal tax returns, lawyers have requested state and federal tax returns for the Trump Organisation and Trump's other business entities including The Donald J. Trump Revocable Trust.

The lawyers are aiming to prove that hotel revenues are going to the President through his affiliated entities, including his trust.

Advertisement
Advertise with NZME.

When Trump won the election, he placed his sons Eric and Donald Jr in charge of his businesses — but a trust agreement allows him to draw money from it upon his request.

Eighteen private entities including restaurants, venues and hotels that compete with the Trump hotel are also being subpoenaed to "illuminate the unfair nature of that competition," said Maryland Attorney-General Brian Frosh.

"He's received numerous payments from foreign governments and state governments and they've been funnelled, at least in part, through the Trump (hotel) in DC."

The Trump Organisation said in an emailed statement to the Associated Press that the company had "voluntarily donated" the profits to the Treasury and planned "to make a similar contribution in 2019".

Discover more

Business

Five ways Trump's iPhone tariff is dumb

26 Nov 11:33 PM
Business

Webcam blackmail fuelling increase in cybercrime losses

06 Dec 06:04 PM
Business

Restaurant fined for breaching settlement with Labour Inspector

07 Dec 12:44 AM
Opinion

Tucker Carlson says Trump is 'not capable'

07 Dec 08:04 PM

But there is little transparency around how the US$210,000 ($305,249) figure for foreign government patronage was calculated.

Trump had tried to stall the lawsuit, with lawyers from his Department of Justice saying it would "be a distraction to the President's performance of his constitutional duties".

But the document requests went ahead on Tuesday.

Trump is accused of violating two snappily named "emoluments" clauses in the Constitution — meaning wage, fee or profit from employment or office.

One of the clauses covers business with foreign governments, and the other concerns federal officials profiting from financial relationships with individual states.

The case may sound technical, but it goes to the heart of one of the greatest ongoing accusations against the billionaire President, who presents himself as a man of the people.

Advertisement
Advertise with NZME.

That is the allegation his business and political aims overlap to an unacceptable, even illegal, degree.

In recent days, his former lawyer Michael Cohen caused embarrassment for Trump by admitting he had lied about his boss's plans to build a Trump Tower in Russia in 2016. At the time, Trump was the presumptive Republican presidential nominee, vowing to improve relations with Vladimir Putin, and refusing to condemn Russia for election meddling.

Others have asked whether his refusal to condemn Saudi Arabia for journalist Jamal Khashoggi's murder comes back to his own business dealings with the country — not just the vast sums they are spending on buying arms from the US — which the Democrats also plan to investigate.

There are also questions over how much money Trump's associates and family members have made from his tax cuts.

The case may not get as far as the President's detractors hope. It could be blocked in a higher court, or Trump's lawyers could stop the documents from being made public.

Even if a violation is proven, Trump may simply plead ignorance and change course.

Advertisement
Advertise with NZME.

What it will do is reveal more information about his secretive business dealings, providing more opportunity for his Democratic rivals to hold him to account and demand his personal tax returns.

With a new majority in the House of Representatives following the midterms, the Democrats are planning a series of investigations into the President, leaving him with little room for manoeuvre.

And his rival for the 2020 presidential election will be using everything they can find.

Save

    Share this article

Latest from Business

Premium
PropertyUpdated

‘Rather irrational’: Multi-millionaire questions Healthy Homes rules

18 Jun 11:00 PM
Business|economy

Big four power firms near deal to secure Huntly's back-up role

18 Jun 10:57 PM
GDP

Stronger-than-expected GDP signals no rate cut in July

18 Jun 10:47 PM

Audi offers a sporty spin on city driving with the A3 Sportback and S3 Sportback

sponsored
Advertisement
Advertise with NZME.

Latest from Business

Premium
‘Rather irrational’: Multi-millionaire questions Healthy Homes rules

‘Rather irrational’: Multi-millionaire questions Healthy Homes rules

18 Jun 11:00 PM

Peter Lewis is upgrading his 12 rentals but has questioned why others are exempt.

Big four power firms near deal to secure Huntly's back-up role

Big four power firms near deal to secure Huntly's back-up role

18 Jun 10:57 PM
Stronger-than-expected GDP signals no rate cut in July

Stronger-than-expected GDP signals no rate cut in July

18 Jun 10:47 PM
'Mismanaged': Expert calls for faster reform in NZ economy

'Mismanaged': Expert calls for faster reform in NZ economy

18 Jun 09:13 PM
Gold demand soars amid global turmoil
sponsored

Gold demand soars amid global turmoil

NZ Herald
  • About NZ Herald
  • Meet the journalists
  • Newsletters
  • Classifieds
  • Help & support
  • Contact us
  • House rules
  • Privacy Policy
  • Terms of use
  • Competition terms & conditions
  • Our use of AI
Subscriber Services
  • NZ Herald e-editions
  • Daily puzzles & quizzes
  • Manage your digital subscription
  • Manage your print subscription
  • Subscribe to the NZ Herald newspaper
  • Subscribe to Herald Premium
  • Gift a subscription
  • Subscriber FAQs
  • Subscription terms & conditions
  • Promotions and subscriber benefits
NZME Network
  • The New Zealand Herald
  • The Northland Age
  • The Northern Advocate
  • Waikato Herald
  • Bay of Plenty Times
  • Rotorua Daily Post
  • Hawke's Bay Today
  • Whanganui Chronicle
  • Viva
  • NZ Listener
  • Newstalk ZB
  • BusinessDesk
  • OneRoof
  • Driven Car Guide
  • iHeart Radio
  • Restaurant Hub
NZME
  • About NZME
  • NZME careers
  • Advertise with NZME
  • Digital self-service advertising
  • Book your classified ad
  • Photo sales
  • NZME Events
  • © Copyright 2025 NZME Publishing Limited
TOP