Tag: Trump’s taxes

Deutsche Bank Turned Over Trump’s Financial Records To Manhattan District Attorney

Deutsche Bank, the German financial powerhouse that loaned hundreds of millions of dollars to the Trump Organization when other banks shunned that company, has turned over records of its transactions subpoenaed by the Manhattan District Attorney’s office, according to the New York Times.

District Attorney Cyrus Vance, Jr., has sought the president’s personal and corporate tax records in court, without revealing much about the alleged crimes under investigation, although he is know to be looking into hush money payments to porn star Stormy Daniels and former Playboy model Karen McDougal.

Vance’s prosecutors justified the extensive demand for Trump’s records before a judge in New York state Supreme Court last Monday by citing reports of “extensive and protracted criminal conduct at the Truomp Organization.”. Continue reading.

Appeals court clears way for Congress to seek Trump financial records

The Hill logoThe federal appeals court in Washington, D.C., on Wednesday ruled that House Democrats can obtain President Trump‘s financial records, setting up a potential Supreme Court challenge.

The circuit court judges declined a request from Trump to have the court’s full bench of judges hear the case after a three-judge panel in October denied Trump’s request to shield his longtime accounting firm Mazars from having to comply with lawmakers’ subpoena for records.

The judges voted 8 to 3 against rehearing the case. Those in the majority included seven judges appointed by Democrats, including Chief Judge Merrick Garland, and one Republican appointee, Judge Thomas B. Griffith. The dissenters were all Republican appointees.

View the complete November 13 article by John Kruzel and Naomi Jagoda on The Hill website here.

The IRS turned over Nixon’s tax returns the same day a congressional panel asked for them

Washington Post logoThe Internal Revenue Service turned President Richard Nixon’s tax returns over to a congressional committee the same day in 1973 that the panel requested them for a review, according to letters released by House Democrats on Thursday.

The newly released documents appear to contradict the Trump administration’s claims that House Democrats’ demands for the president’s tax returns are “unprecedented,” and suggest a split between this administration and past IRS officials over the interpretation of the law.

Congressional Republicans denied any similarity between the two episodes, pointing out that Nixon requested the investigation into his returns while Trump has not.

View the complete July 25 article by Jeff Stein on The Washington Post website here.