Status: 02/22/2021 5:49 p.m.
Donald Trump has long tried to prevent his tax documents from being released. Now he has received another defeat. The US Supreme Court does not want to stop the documents being handed over to the New York City Attorney’s Office.
For the former US President Donald Trump it is a serious legal defeat: The Supreme Court, the highest US court, does not want to stop the submission of its tax returns to the New York prosecutor. This had requested the documents for the investigation. They should not be published.
For Trump, the decision is another damper in a long-running legal battle that reached the Supreme Court in July of last year. The Supreme Court had denied Trump, who was still in office at the time, “absolute immunity” from prosecution and granted the Manhattan District Attorney’s office the right to inspect Trump’s financial records. The legal disputes continued, however, and ended up again before the Supreme Court. The latter ruled again in favor of the public prosecutor.
Hush money payments and insurance fraud
Trump has long tried to prevent his accounting firm Mazars and the credit institutions Deutsche Bank and Capitol One from handing over his financial and tax records. The Manhattan prosecutors want to see Trump and his companies’ tax records over a period of eight years. Manhattan District Attorney Cyrus Vance had requested documents from the accounting firm under threat of punishment.
Vance had originally launched an investigation into suspected hush money payments to porn actress Stormy Daniels and former “Playboy” model Karen McDougal, who said they had affairs with Trump years ago. Court documents suggest that the investigations are now much broader: Accordingly, there is also suspicion of banking and insurance fraud at the Trump Organization, in which Trump’s business activities are bundled.
“The work goes on”
Trump’s financial records have been the subject of speculation and legal battles for years. The real estate entrepreneur is extremely cautious about his finances, which repeatedly leads to suspicions that he has something to hide. Trump became the first president since Richard Nixon to refuse to disclose his tax returns.
Last fall, the New York Times reported that Trump had paid no federal income tax for ten of the past 15 years. According to the report, he paid just $ 750 in federal taxes in 2016. In his first year in office, 2017, he paid just $ 750 again, according to the report.
Prosecutor Vance just commented on the Supreme Court decision today with the words: “The work continues.”
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