Trump’s Panama Hotel Company Accused in Lawsuit of Tax Evasion (1)

A onetime business partner of Donald Trump’s hotel management company claimed that the president’s firm evaded income taxes on a project in Panama and under-reported employee salaries there.

The accusations were contained in a June 3 court filing by the business partner, Orestes Fintiklis, and his fund, Ithaca Capital Investments, as part of a lawsuit against Trump International Hotels Management. Ithaca assumed control of the property after Trump withdrew from it in March 2018, and a bitter feud over the development has ensued.

Ithaca claims it’s now exposed to millions of dollars in liabilities because of the alleged tax underpayments ...