Friday, February 26, 2021

US Supreme Court Rules Trump’s Tax Filing …


The US Supreme Court indirectly ruled on Monday that former US President Donald Trump should indeed release his tax returns. In doing so, it rejects Trump’s last straw in a long legal battle.

It is the second time that the Supreme Court has ruled on the case. In July 2020, the US highest court ruled that Trump, then as president, should provide the requested documents. However, the Supreme Court left another opening by stating that the former Republican president could challenge the subpoena in lower courts. Something Trump did.

Eventually, the issue came back to the table of the US Supreme Court, which dismissed Trump’s claim in a one-sentence judgment.

Nothing will stop Democrat Cyril Vance, the Manhattan state prosecutor, from claiming Trump’s finances. Initially, the investigation focused on a transfer for Trump’s campaign in 2016. The money would have served to pay hush money to the porn actress Stormy Daniels, but that violates the law on financing election campaigns. However, the investigation later turned out to be much broader and also to investigate whether Trump’s companies were guilty of, among other things, tax fraud. Vance therefore wants to view tax returns from Trump and his companies for the period 2011-2018. It mainly concerns documents and declarations from the time when the president was active as a real estate magnate.

Vance responded on Twitter with a short statement. “The work continues,” he said.

Unlike his predecessors as president, Trump never wanted to disclose his tax returns.



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