Trump adviser takes steps to sell political consultancy business

Kellyanne Conway, a senior adviser to US president Donald Trump, has taken steps to sell her political consulting firm, according to a document released on Monday by the federal office of government ethics.

Conway received the right to defer capital gains taxes for her sale of the Polling Company/Woman Trend, the documents show. She had valued her 100 per cent stake in the firm at between $1 million and $5 million on a personal financial disclosure form that the White House released in March.

Federal law allows executive-branch employees to seek such deferrals when they're required to sell assets in order to comply with conflict-of-interest laws. Conway also received the right to defer capital gains taxes on the sale of stock in five publicly traded companies: Altria Group, Kraft Heinz, Pfizer, Philip Morris International and Mondelez International.

On her financial disclosure, Conway said those holdings were worth as much as $180,000. Overall, Conway and her husband, George Conway III, a lawyer, disclosed assets worth as much as $39.3 million (€33.3 million) in March.

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Conway, who served as Trump’s campaign manager in the final months of the 2016 race, earned $800,726 from the Polling Company that year, according to her disclosure form. The firm said in January that Conway had resigned her position.

The disclosure did not provide information about buyers or potential buyers. – (Bloomberg)