Baskadia

Crypto investors build Bitcoin mines to avoid paying taxes — thanks to Trump

In the US, tax-shy crypto enthusiasts are building new Bitcoin mining plants in struggling rural areas to take advantage of a controversial Trump-era loophole intended for the poor, reports HuffPost. Republican legislation introduced in 2017 allows companies and investors to reduce their tax bills when selling off assets like crypto or stocks — provided they use the money to fund projects in so-called “opportunity zones.” Opportunity zones were introduced to give a leg-up to the most deprived ar

Trump Taj Mahal, Atlantic City: $2.3 billion (£1.7bn)

Once described by Donald Trump as “the eighth wonder of the world”, the Taj Mahal hotel and casino in Atlantic City cost $1.2 billion (£930m) to build in 1990. The blingy 120,000 square foot complex eventually became unprofitable and shut for good in October 2016, but has since reopened as the Hard Rock Hotel & Casino.