TrendsWide
[email protected]
Contact
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Opinion
  • Lifestyle
  • Sports
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • National
  • Culture
  • Opinion
  • Lifestyle
  • Sports
No Result
View All Result
TrendsWide
No Result
View All Result
Home News

US 2020 election: Can Trump release his tax returns?

souhaib by souhaib
September 28, 2020
in News
0
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter


President Trump speaks to pressImage copyright
Getty Images

US President Donald Trump says his tax returns are currently being audited, and that he won’t release them while an inspection is continuing.

But there is no legal reason why the president can’t release his returns while an audit is taking place, and he would be the first in almost 50 years not to make them available.

ADVERTISEMENT

GETTY

They’re under audit and when they’re not I’d be proud to show it.

Is Trump under audit?

We do not know this definitively because it’s confidential.

Only the person being audited or their lawyer can release that information publicly. The Internal Revenue Service (IRS) – which conducts the review – is not permitted to disclose if an individual’s finances are under inspection.

It has been common practice since the 1970s for US presidents to be audited by the IRS.

It is therefore likely that President Trump’s accounts have been under audit since he took office in 2017.

Even before he took office, one of Mr Trump’s lawyers released a letter saying his tax returns had been under “continuous examination” since 2002.

The letter said an audit of his returns since 2009 was ongoing, but it also pointed out that the IRS had finished inspecting Mr Trump’s accounts from 2002 to 2008.

President Trump has not published his tax returns from any of these years.

Before running to become president, Mr Trump said: “If I decide to run for office, I’ll produce my tax returns, absolutely.”

But he has since said he will only do this once any audit is complete.

Can Trump release his tax returns if under audit?

Yes.

Despite it being regular practice for sitting presidents to be under audit, every president since Gerald Ford has released complete tax returns while in office.

Presidents Barack Obama and George W Bush both did so during their tenures, and there is no law stopping President Trump from doing the same.

But he isn’t legally obliged to release his tax returns publicly.

There is however a law stating the president must hand over his tax returns to the US Congress to be reviewed confidentially if requested.

Democratic lawmakers have requested this, but Republicans have questioned whether they can demonstrate “a legitimate legislative purpose” as the law requires.

When asked about the law in April, President Trump said: “No, there is no law. As you know, I got elected last time with this same issue. And while I’m under audit, I won’t do it.”

There is also an ongoing legal battle over the president’s tax returns – but even if his financial records are turned over to prosecutors, they are likely to remain hidden from public view unless he decides to disclose them.

Read more from Reality Check

Send us your questions

Follow us on Twitter





Source link

Tags: bbc
ShareTweetPin
Previous Post

BAND 21%, LINK 20%, FXC 14%

Next Post

Coronavirus second wave: Which countries in Europe are experiencing a fresh spike in COVID-19 cases?

souhaib

souhaib

Related Posts

News

Covid-19: The NHS trust the Army is helping through the second wave

January 22, 2021
News

Garth Crooks’ team of the week: Stones, Pogba, Ndombele, Maddison, Aubameyang

January 22, 2021
News

NFL: Jason Bell & Osi Umenyiora look ahead to Championship games

January 22, 2021
Next Post

Coronavirus second wave: Which countries in Europe are experiencing a fresh spike in COVID-19 cases?

Speaker Lindsay Hoyle 'WON'T allow vote on Tory rebel Covid amendment'

Fidelity's Alex Wright: How to profit from cheap shares

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

Recommended

Spider-Man: Miles Morales Includes Touching Tributes to Chadwick Boseman, Stan Lee

2 months ago

No. 1 Baylor makes unexpected trip to Las Vegas for weekend games

2 months ago

Trump’s campaign claims his bout with COVID will help him beat Biden

4 months ago

Christmas quiz: Guess the year from the sporting event and festive favourite

4 weeks ago

Categories

  • Australia
  • Business
  • Cryptocurrency
  • Deals
  • Discounts
  • Economie
  • Euro
  • Gaming
  • Lifestyle
  • News
  • Opinion
  • Sports
  • Travel
  • Trending
  • Uncategorized

Topics

bbc bbc health cnn ar business dailymail dailymail australia dailymail heath dailymail money dailymail sport day 7 euronews Health IGN rt arabic usa today usa today money usa today sport Women Fashion
No Result
View All Result

Highlights

German researchers succeed in helping paralyzed mice to walk again

Resident Evil Village Release Date, Exclusive PS5 Demo Revealed

Snow Shovel for Car, Large-Capacity Foldable Lightweight Aluminum Telescopic Portable Snow Shovel, Parent-Child Playing Snow, Shovel for Garden, Car, Camping with Extra Ice Scrape

Surfers Wat, Port MacDonnell, South Australia: Snorkeller in shark attack

The United Nations sets a date for choosing a transitional government in Libya

Fortnite Adds Sarah Connor and T-800 Terminator Skins

Trending

News

Covid-19: The NHS trust the Army is helping through the second wave

by souhaib
January 22, 2021
0

"We always feared there would be a second peak and, sadly, it has happened," Nicola says....

Motor Carburetor Carb 640299B Snowblower Snow Blower Thrower ;supply_from:mayunstore

January 22, 2021

‘We don’t respond to threats’: Scott Morrison spectacularly fires back at Google media law

January 22, 2021

German researchers succeed in helping paralyzed mice to walk again

January 22, 2021

Resident Evil Village Release Date, Exclusive PS5 Demo Revealed

January 22, 2021

Follow us on social media:

UK Jobs

Recent News

  • Covid-19: The NHS trust the Army is helping through the second wave
  • Motor Carburetor Carb 640299B Snowblower Snow Blower Thrower ;supply_from:mayunstore
  • ‘We don’t respond to threats’: Scott Morrison spectacularly fires back at Google media law

Category

  • Australia
  • Business
  • Cryptocurrency
  • Deals
  • Discounts
  • Economie
  • Euro
  • Gaming
  • Lifestyle
  • News
  • Opinion
  • Sports
  • Travel
  • Trending
  • Uncategorized

Recent News

Covid-19: The NHS trust the Army is helping through the second wave

January 22, 2021

Motor Carburetor Carb 640299B Snowblower Snow Blower Thrower ;supply_from:mayunstore

January 22, 2021
  • Contact
  • Terms & Conditions
  • Privacy Policy

© 2020 - TrendsWide

No Result
View All Result
  • Home
  • Politics
  • News
  • Business
  • Culture
  • National
  • Sports
  • Lifestyle
  • Travel
  • Opinion

© 2020 - TrendsWide