Trump accused the newspaper of "doing a very old, boring and often told hit piece on me." The 15,000-word Times report contradicts Trump's portrayal of himself as a self-made billionaire who started with just a $1-million loan from his father. The Times report says Trump and his father, Fred, avoided gift and inheritance taxes by setting up a sham corporation and undervaluing assets to tax authorities. Now U.S. president, Trump has often said he received just a small stake from his dad, but the Times says that's untrue. (The Associated Press)The White House dismissed the report as a "misleading attack against the Trump family by the failing New York Times."

Source: CBC News October 03, 2018 14:48 UTC