Trump’s Scottish Resorts To Get $1M Bailout As He Boasts Of Not Seeking US Funds
According to NBC News, Scottish golf courses owned by President Donald Trump’s businesses are likely to receive more than a million dollars in taxpayer money from the Scottish government’s coronavirus relief program.
Meanwhile, Trump boasted on Wednesday that he has not asked for help from the U.S. government amid the ongoing pandemic.
- Trump’s Turnberry resort and Trump International Scotland both qualify for the assistance, according to government officials and an executive at one of Trump’s companies.
- NBC reported that the “tax relief aimed at boosting the tourism and the hospitality sectors” is available to companies negatively impacted by pandemic restrictions that forced businesses to close.
Kenny Ross, a spokesperson for the South Ayrshire Council, one of the two local authorities responsible for administering that tax relief in the area, confirmed to NBC News that the council was currently undertaking an exercise "to award this relief to all eligible businesses, which will include Trump Turnberry."
- The news outlet reported that the president’s “business in Scotland could receive around 900,000 pounds ($1.14 million) in tax relief from the Scottish government program, based on NBC News calculations, after publicly available appraisal figures for the two golf businesses were entered into a Scottish government website.”
- "Neither Trump International nor Trump Turnberry have made a profit in the last five years, according to public records at Companies House, a government body that registers company information," the news outlet noted.
The NBC report was published on Thursday. On Wednesday, Trump tweeted in response to his son Eric Trump’s announcement that Trump Doral, Miami, would reopen:
“And the Trump family didn’t ask the Federal government for money to carry this and many other very expensive to carry properties!”
However, an April New York Times report indicated that the Trump Organization did ask the federal government for a break on its lease for the president’s hotel in Washington, D.C.
In recent weeks, the president’s family business has inquired about changing its lease payments, according to people familiar with the matter, which the federal government has reported amount to nearly $268,000 per month.
Eric Trump, the president’s son, confirmed that the company had opened a conversation about possible changes to the terms of the lease, which could include adjustments to future monthly payments. The Trump Organization has said it is current on its rent.
The Times noted that Trump’s company “was barred by Congress from seeking relief from the $500 billion rescue fund being administered by the Treasury Department.”