Lets' not forget the overseas property values. "Scottish golf resorts? President told British authorities they are $65 million in the red but in US said they're worth at least $100 million.
Tax documents filed in the UK contradict Trump's declarations to US officials.
President's Scottish golf courses are in $64.8 million debt, according to UK files.
But in papers submitted in the US Trump stated both were worth over $50m.
Turnberry in Ayrshire and Trump International in Aberdeenshire made losses"
Here's an accounting case study that uses the Scottish golf courses as an example.
"The Art of the Deal - Trump's UK Golf Assets
This is the latest of our series of educational blogs on accounting red flags, how to pick wining stocks and how to value companies. In it, for a change, we look at unquoted companies and demonstrate a few of the analytical techniques we teach in our online courses.
For fun and to make it more interesting, we have used Trump’s Scottish companies as our examples.
This article examines the Trump investments there and asks if he is as astute as he claims. (Spoiler – the answer is no).
Conclusions
It’s hard to see how Donald Trump will extract a return from his investments in Scotland. It may be possible to stem or slow the losses, but there is a large amount invested and generating a return on that investment will be difficult."
