Tenants may have paid more than $30M in undue rent increases thanks to Trump’s tax schemes: NYT

Victims of the Trump Organization’s alleged tax-dodging scheme most likely paid tens of millions of dollars in undue rent increases over the past two decades, according to the New York Times. In the 1990s, the future president and his siblings set up sham businesses that allowed them to increase rents on rent-regulated apartments, a Times investigation found. But because those increases were baked into the base rent used to calculate the annual increase the city […]

source https://therealdeal.com/2018/12/17/tenants-may-have-paid-more-than-30m-in-undue-rent-increases-thanks-to-trumps-tax-schemes-nyt/