Since her father’s candidacy, Ivanka Trump has been squarely in the spotlight. Now, she is in the news yet again, and this time its for tax evasion. The apple doesn’t fall far from the tree does it? The state of New York has filed a tax warrent against the young heiress because of her jewelry collection. Apparently Ivanka Trump’s Fine Jewelry owes more than $5,000 to the state for back taxes. The tax warrant was issued today with a demand that she pay the $5,000 immediately.
Since her father’s candidacy, Ivanka Trump has certainly been in the news a great deal. Today, she is in the news yet again, but this is not the kind of publicity she or her father need. The state of New York has issues with the young heiress because of her jewelry collection, Ivanka Trump’s Fine Jewelry owes more than $5,000 to the state for back taxes. A tax warrant was issued today with a demand to pay the $5,000 immediately. March of 2016 brought more financial woes for the company. The New York Supreme Court ordered her company to pay more than $3 million for a contract dispute to KGK Jewelry. According to court records, the lien has yet to be paid off.
Ivanka thought that her father’s presidency would cause her sales to skyrocket. However, with more retailers pulling out, her sales are plummeting. His rising unpopularity has caused boycotts against her product lines. Companies that carried her products faced scrutiny for having her products on hand. With the New York, Supreme Court breathing down her neck, and now the lien for back taxes, it is possible that Trump will close business for good. Her companies are beginning to falter. Another problem for the entrepreneur is that she has been ordered to pay more than $2 million in payments to a supplier for her store. Her jewelry store stopped paying her suppliers when times were tough, and she racked up huge bills that they cannot pay.
Ivanka thought that her father’s presidency would cause her sales to boom. However, that was not the case. His rising unpopularity has caused boycotts against her product lines. Companies that carried her products faced scrutiny for having her products on hand. With the New York, Supreme Court breathing down her neck, and now the lien for back taxes, it is possible that Trump will close business for good. Her companies are beginning to falter. Another problem for the entrepreneur is that she has been ordered to pay more than $2 million in payments to a supply for her store. Her jewelry store stopped paying her suppliers, and she racked up a huge bill that they cannot pay.