Donald Trump’s Irish and Scottish golf courses ‘reported losses of $63.

The Irish Times

The Irish Times online. Latest news including sport, analysis, business, weather and more from the definitive brand of quality news in Ireland.

https://www.irishtimes.com/

US president Donald Trump’s three golf courses in Ireland and Scotland have reported total combined losses of $63.6 million, the New York Times has reported, as it published details of an investigation into the president’s tax affairs.

The newspaper, citing documents relating to 15 years of tax returns filed by the president, said that his three courses in Ireland and Scotland – Doonbeg in Co Clare, Turnberry in Ayr and the Trump International Golf Links in Aberdeen – had sustained substantial losses, part of a broader loss-making pattern by his portfolio of golf courses .

During his first two years as president of the United States, Mr Trump’s revenue abroad totalled $73 million, the newspaper said. Much of that money was from his golf properties in Scotland and Ireland, as well as from licensing deals in countries like India, Turkey and the Philippines.

It was reported earlier this year that Mr Trump’s property in Co Clare availed of the Irish Government’s wage subsidy scheme, while the properties in Scotland also sought government aid following the outbreak of the coronavirus pandemic.

Latest filings for the Doonbeg resort shows that revenues at the hotel increased by 7 per cent year-on-year in 2018 to €11.4 million. Mr Trump bought the property in 2014 and stayed in Doonbeg with members of his family in June last year during his first visit to Ireland as president of the United States.

Related news

Suzanne Lynch’s US Election Diary: Trump campaigns relentlessly in bid to close polling gap.

Obama, Bon Jovi and Cher add some razzmatazz to the Biden campaign

US election: Trump targets Pennsylvania as race enters final stretch.

President tries to narrow polling gap with Democratic rival for White House Joe Biden

US election: ‘Donald Trump needs to go. White America got what they want’

After a troubled summer in Louisville, Kentucky, black voter turnout will be revealing

US election: Pence to continue campaigning, after staff positive for Covid-19.

Vice-president going to events across US despite chief of staff catching coronavirus

Australia demands answers after women taken from Qatar Airways flight and strip-searched.

Treatment of women after newborn found abandoned at Doha airport ‘offensive’, ‘grossly inappropriate’

Europe’s Jewish population falls 60% in last 50 years, study shows.

France, UK and Germany home for two-thirds of Europe’s 1.3 million Jews, report finds

Covid-19: UK considers shorter self-isolation period due to flouting of rule.

Ministers believe cutting of 14-day requirement may have public health benefit

Lincoln Project rejects threat over Kushner and Ivanka billboards.

‘Sue if you must,’ says lawyer for former Republican consultants who made ads

Belarusian opposition calls for national strike to oust Lukashenko.

More than 100,000 protesters march in ‘people’s ultimatum’ to veteran autocrat

Coney Barrett likely to be voted to US supreme court on Monday.

Appointment of a supreme court judge so close to presidential election unprecedented

By continuing to browse World News (UAZMI), you acknowledge that you have read the Terms of Use and agree to the use of cookies