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, 6 tweets, 2 min read
EXC @realDonaldTrump's inaugural Scottish golf resort has run up losses of more than £1m, marking the seventh consecutive year it has failed to turn a profit. My @TheScotsman story on @TrumpScotland (who blocked me yesterday): scotsman.com/news/trump-abe…
The firm remains dependent on interest free loans provided. Y the US president totalling £40.6m. Its staff numbers have fallen from 84 to 77, the latest accounts show.
The company is also dependent on a loan worth nearly £2.5m from DJT Holdings LLC, the accounts show.
The accounts add: "The company has received further loans and net liabilities have risen by 10%." Will have an updated story later, but the Twitter summary is: 13 years after arriving in Aberdeenshire, Trump has yet to turn a profit. If you know more about the £££ contact me.
And for those who like poring thru the paperwork - and who doesn't? - you can find the latest accounts for Trump's Aberdeenshire resort here: beta.companieshouse.gov.uk/company/SC2921…
Thanks to my wee birdie for the heads up.
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Martyn McLaughlin
@MartynMcL
NEW: First Minister @NicolaSturgeon is asked by @patrickharvie at #FMQs in @ScotParl why Scotland's being used as “cut price petrol station” for USAF. Citing my @TheScotsman stories, he says ministers have been aware for 1 year+ US military has been getting "seven fig discount"
@NicolaSturgeon @patrickharvie @ScotParl @TheScotsman .@NicolaSturgeon repeats lines given by @MathesonMichael earlier in the week, pointing to the airport's “essential arms length” commercial status, independent from @scotgov. She doesn't directly address the allegations of £1m+ fee waivers given to the US military.
@NicolaSturgeon @patrickharvie @ScotParl @TheScotsman @MathesonMichael @scotgov @patrickharvie points out two of the FM's officials sit on the board of Prestwick's holding co that's supposed to provide a line of "democratic accountability so that we're not reliant on investigative journalists uncovering the facts of what's going on."
Read 5 tweets
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Martyn McLaughlin
@MartynMcL
Having a closer look through Trump Turnberry filings. This stands out: 'deferred tax assets' allow firms to use past losses to reduce future taxes. If you're wondering why the column for corporation tax charges is blank, the answer's straightforward - Trumps firms didn't pay any.
This, too, is interesting. The freehold value of the land owned by the Trump Org at Turnberry is listed as nearly £10m. Remember, @EricTrump spent two years trying - and failing - to redesignate the firm's landholdings for commercial development. It will remain agricultural land.
Also: Golf Recreation Scotland Ltd accs show DT Connect Europe's 'main asset', Trump's Sikorsky S-76B chopper, was sold to a co under 'common control' for £600k. In '17, DT valued it at £1.1m. Do they depreciate that fast? DT accounts show interco loan of £681k was written off.
Read 4 tweets
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Martyn McLaughlin
@MartynMcL
Observation on US reaction to my Trump stories; there's lots of reasoned analysis, but a minority wilfully misinterpret facts & narratives. Public discourse is already distorted by org social media manipulation & state-backed computational propaganda. Don't aid the disinformation
I appreciate that since Trump came to office, up is down & down is up. But participating in a toxic culture of debate which prizes shouting the loudest & spreading the worst slurs is a self defeating act. And a dangerous one. Be sceptical, sure, but work from the facts outwards.
And the folk who simply @ "Putin's money" or the like whenever I write a story about Trump £ shouldn't bother. Are there Qs about the finances & other nations? Of course. But answering them is a slow, labyrinthine & frustrating task. But that's journalism. So keep the tips legit.
Read 3 tweets

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David Frum
@davidfrum
Everybody saw this @NatashaBertrand story from last night? politico.com/story/2019/09/…
@NatashaBertrand To update

1) Trump bought Turnberry golf resort in Scotland in 2014 for $60 mn, spent $150 mn to renovate - part of an all-cash spending spree that is not consistent with Trump's visible resources.
@NatashaBertrand 2) Turnberry has consistently lost money. Trump's other golf resort in Scotland has lost even more, $6.2 million in losses for the two in 2017. motherjones.com/politics/2018/…
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RadFemFatale
@WomenReadWomen
Let's talk about #Lupron.
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Eugene Gu, MD
@eugenegu
@realDonaldTrump As you can see, the President of the United States so easily retweets and amplifies Katie Hopkins, one of the most dangerous and racist media columnists who calls immigrants “cockroaches” and “feral humans” and said there needs to be a “final solution” to eradicate all Muslims.
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@realDonaldTrump Trump retweeting Katie Hopkins as a defense against racism and bigotry is like Hannibal Lecter calling Jeffrey Dahmer to prove he isn’t a human cannibal. It’s beyond ridiculous and almost seems like an act of defiance for Trump to tell his supporters that he’s proud to be racist.
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Karol Cummins
@karolcummins
‼️The Brexit Referendum & the 2016 Trump Campaign are intertwined— the same co-conspirators are involved in both.

Brexit (Leave.eu) was a test run for the Trump 2016 presidential campaign.

This thread will illustrate the big picture. Trump = medium sized fish.
Both campaigns focused on common RW themes: Nationalism, anti-immigrant, anti-Muslim, anti-Soros, income disparity, etc.—all issues exacerbated by the actions of TOC.


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📌Cambridge Analytica is the focal point through which we can see the relationships in play & reveals the elephant in the room: Britain tying its future to an America that is being remade - in a radical and alarming way - by TeamTrump.
theguardian.com/technology/201…
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WaterBluSky
@MsMariaT
If you look at Russian capital outflows into Scotland - Scotland b/c of tax loopholes - Trump's cash purchase of #TrumpTurnberry in 2014 🚩starts to look really suspicious.

RUs were looking for safe places to stash cash while oil prices plummeted:

🧐

wsj.com/articles/for-r…
"Inside Trump’s Money-Losing Scottish Golf Paradise
The president’s Turnberry deal demonstrates his love of the sport — and his dubious business judgment."

bloomberg.com/amp/opinion/ar…
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Alamo_on_the_rise
@AlamoOnTheRise
Trump: Day 625
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-209th Day at a Trump Property
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Add...
Day 730 since Donald Trump admitted to sexual assault — yet he’s still in the Oval Office
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