American Justice System
US: Trump’s Tax Returns Finally Released
Former President Donald Trump’s tax returns have been released, ending a bitter six-year-long battle to gain greater insights into his finances.
Eko Hot Blog reports that the returns stretch from 2015 through 2020, covering Mr Trump’s candidacy and time in the White House.
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They give details of various entities through which he would have paid tax, including holdings companies and personal income.
Responding to Friday’s release of hundreds of pages of tax returns, Mr Trump’s camp warned that the disclosure will lead to the US political divide becoming “far worse.”
“The Democrats should have never done it, the Supreme Court should have never approved it, and it’s going to lead to horrible things for so many people,” his statement said.
Ever since his entry into politics, critics have been keen to get Mr Trump – whose foundational pitch to voters had been that his business success made him the best choice to run the country – to show what his wealth actually looked like.
He had steadfastly refused.
Democrats who control the House of Representatives and oversaw the release argued that it was a necessary act of oversight.
Representative Don Beyer, a member of the House Ways and Means Committee which released the documents, said on Friday that Mr Trump “abused the power of his office to block basic transparency on his finances and conflicts of interest which no president since Nixon has foregone.”
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The committee also found that the Internal Revenue Service – the US federal entity charged with tax collection – failed to audit Mr Trump during his first two years in office and only began doing so after congressional oversight proceedings were started in 2019.
Source: BBC
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