Trump’s tax returns must be presented to Congress

(Washington) Will Americans Find Out Their Former President’s Money Secrets? The U.S. Department of Justice took a step in that direction on Friday, instructing tax authorities to forward Donald Trump’s tax returns to Congress.

Posted on Jul 30, 2021 at 2:05 pm

Charlotte PLANTIVE Agence France-Presse

A House of Representatives committee dealing with budgetary affairs had “presented sufficient reasons to request tax information from the former president,” the ministry wrote in a memorandum.

As a result, “the Treasury Department must provide him with this information,” he adds in this 39-page document, which is part of a long-term legal battle.

Unlike all of his predecessors since the 1970s, Donald Trump, who turned his fortune into an election campaign argument, refuses to publish his tax returns. Its lack of transparency fuels speculation about the extent of its wealth or possible conflicts of interest.

To find out more, three Democratic-controlled committees of the House of Representatives had requested the accounting firm Mazars, but also the banks Deutsche Bank and Capital One, a whole range of financial documents relating to the business in 2019. of Donald Trump between 2010 and 2018 and those of his relatives.

The Ways and Means Commission, to which the ministry’s memorandum refers, is demanding six years of tax returns before it moves into the White House as part of its powers to scrutinize tax authorities.

At the same time, Manhattan Attorney Cyrus Vance, also an elected Democrat, requested Donald Trump’s financial records as part of an investigation into possible violations of New York law.

In the dispute over his presidential immunity and the separation of powers, Donald Trump had fought on all these fronts and went to the Supreme Court twice.

“Allowed to”

He had lost a first fight in February when she cleared certain documents to be submitted to the New York Justice Department. Since the investigation is taking place behind closed doors, this information remains secret.

This time its tax returns are sent to Congress, the committee has yet to vote on them to decide whether to make them public.

But Donald Trump could appeal again to oppose Justice Department order. He did not immediately announce his intentions on Friday.

The Democratic President of the House of Representatives, Nancy Pelosi, immediately praised “a victory for the rule of law”.

“Americans deserve to know the facts about his worrying conflicts of interest which undermined our security and democracy under his presidency,” she said in a statement.

In fact, the veil has already been partially lifted by the New York Times, which published a poll shortly before the November elections based on 20 years of tax data on the ex-real estate mogul and his group. He paid just $ 750 in federal tax in 2016 and nothing for ten of the past fifteen years, reporting more losses than profits, the daily said.

Donald Trump had denounced “false information” and assured that he had “paid a lot of taxes” without giving any details.

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