Sunday, February 28, 2021

Donald Trump: defeat in the dispute over tax returns


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Dispute over tax returns – Trump suffers another defeat

Donald Trump speaking during his time as US President in November 2020

Donald Trump speaking during his time as US President in November 2020

What: AP

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Former US President Donald Trump wanted to prevent the New York prosecutor’s office from receiving his tax documents. The US Supreme Court rejected his request to do so.

Dhe former US President Donald Trump is increasingly troubled in the dispute over his tax documents. The US Supreme Court on Monday rejected Trump’s request to prevent the New York prosecutor from disclosing his tax documents. For Trump, the decision is a heavy defeat in a long-running legal battle that had already reached the Supreme Court in the summer.

The Supreme Court had denied Trump, who was still in office at the time, “absolute immunity” in the dispute in July and granted the district attorney in Manhattan the right to inspect Trump’s financial records. The dispute then went back to lower instances and dragged on there.

Trump has long tried to prevent his accounting firm Mazars and the credit institutions Deutsche Bank and Capitol One from releasing his financial and tax records. Critics therefore speculate that he has something to hide. The United States has a long history of issuing financial and tax records to high officials. Trump has always refused to do this.

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The Manhattan prosecutors want to see Trump and his companies’ tax records over a period of eight years. Prosecutor Cyrus Vance had requested documents from Mazars under threat of punishment.

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The investigation also concerns alleged hush money payments that Trump’s ex-attorney Michael Cohen allegedly paid to porn star Stormy Daniels and former playmate Karen McDougal. Both women claim to have had affairs with Trump, which Trump denies.

Vance just commented on the Supreme Court’s decision on Monday with the words: “The work continues.”



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