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Friday 10 July 2020 - 08:14

US Supreme Court to Rule on Revealing Trump Tax Returns

Story Code : 873555
US Supreme Court to Rule on Revealing Trump Tax Returns
Trump refuses to share documents concerning his fortune and business. His lawyers argue he enjoys total immunity while in office.

The ruling will test that claim and has implications on how far US lawmakers can scrutinize the president.

Even a ruling in Congress’s favor would not necessarily make Trump’s tax returns public before his bid for re-election in November.

Trump, who made his money as a property developer, is the first president since Richard Nixon in the 1970s not to have made his tax returns public.

He calls the investigation into his tax affairs a “witch hunt” and sees the congressional case as a device to harass him politically.
Why has this gone to the Supreme Court?

Two Democrat-controlled House of Representatives committees and New York District Attorney Cyrus Vance – also a Democrat – are demanding the release of his tax returns and other information.

The subpoenas – orders to hand over evidence – were issued last year to Mazars USA, who are Trump’s accountants, and to major Trump lenders Deutsche Bank and Capital One.

Lower courts in Washington and New York ruled against the president in all cases, but those decisions have been put on hold pending a final court ruling.
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