Mazars, Donald Trump’s accounting firm cuts ties… WHY?

[Mike Schorah]

Mazars, Donald Trump’s accounting firm cut ties to the Trump Organization.

The district attorneys office is investigating whether or not Trump’s company improperly inflated or deflated the values of its holdings to secure loans or lower its tax bills.

I thought that was the name of the game… and how is that even possible? Don't appraisers decide the value of the buildings? And if one appraiser is low, then you go to another, right? So everyone is involved in fraud, no? Isn't this how BRRRRing works? You know the true value of a property when someone sells it. That doesn't happen with a BRRRR. With a BRRRR, you get an appraisal that will likely be overinflated, especially in these economic times.

And isn’t every investor trying to lower their tax bills? Wouldn’t you go with the lowest appraisal in that case? If that’s such a big problem, then why not just get rid of all depreciation related tax write offs?