
The US President-elect Donald Trump has said he is not obliged to stop his business empire when he takes office on 20 January. A Democratic senator is tabling a resolution calling on him to liquidate his assets to prove he does not intend to profit from the office of president. Trump There is no legal requirement to liquidate assets but past US presidents have set aside their business dealings. “In theory I could run my business perfectly and then run...read it here...
the country perfectly,” he told the New York Times in an interview. “I’d assumed that you’d have to set up some type of trust or whatever and you don’t.” However, he added that he would “like to do something” to separate his two areas of responsibility. Democratic Senator Ben Cardin would like a more formal separation. He plans to introduce a resolution next week calling on the president-elect to adopt blind trusts or take equivalent measures to ensure that he complies with the constitution over potential conflicts of interest. The property tycoon is said to be currently worth $3.7bn (£3bn) by Forbes magazine, with more than 500 different enterprises in his business empire. One example of a possible conflict of interest is the newly opened Trump International Hotel in Washington DC, the BBC’s David Willis reports. Mr Trump already stands to profit from an influx of visitors in the weeks leading up to his inauguration. Since the hotel sits on land leased from the federal government, when Mr Trump assumes office, he becomes, effectively, both landlord and tenant overnight, our correspondent notes.
No comments:
Post a Comment