During a press conference on January 11, 2017, President-elect Donald Trump addressed concerns about conflicts of interest regarding his business empire. He noted that being President allows him to sidestep typical regulations that affect lower officials. Trump refused to release his tax returns, reinforcing his stance on independence from conventional expectations. He highlighted a significant offer for a deal in Dubai, which he declined to accept. His sons would manage his businesses during his presidency, as he wished to avoid the appearance of impropriety.
Trump stated he did not have to release his tax returns because the President is beholden only to the voters, unlike subordinate officials who face regulations.
Trump discussed a two-billion-dollar offer for a deal in Dubai during his transition, which he claimed he passed on to avoid the appearance of conflict.
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