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July 9, 2020

Trump’s tax return document may be released: Supreme Court rules

by facelesscompliance in Compliance Law

Trump’s tax return document may be released: Supreme Court rules

Justices issue 7-2 decision returns may be given to New York jury

Chief justice John Roberts wrote the 7-2 opinion that the president is not categorically immune from grand jury requests. Both supreme court justices nominated by Trump, Neil Gorsuch and Brett Kavanaugh, sided with the majority.

“Two hundred years ago, a great jurist of our Court established that no citizen, not even the President, is categorically above the common duty to produce evidence when called upon in a criminal proceeding,” Roberts wrote in the decision.

“We reaffirm that principle today and hold that the President is neither absolutely immune from state criminal subpoenas seeking his private papers nor entitled to a heightened standard of need.”

Trump similarly complained about “presidential harassment” during the House impeachment inquiry, and House committees are now seeking the president’s financial records in a subpoena that the supreme court is considering.

Unlike other recent presidents, Trump has refused to release its tax statements and financials

The US Supreme Court decide President Donald Trump’s tax returns and other financial records be examined by Congress and prosecutors – a ruling with potentially huge political consequences.

Why has this gone to the Supreme Court?

Two Democrat-controlled House of Representatives committees and New York District Attorney Cyrus Vance – also a Democrat – are demanding the release of his tax returns and other information.

The subpoenas – orders to hand over evidence – were issued last year to Mazars USA, who are Mr Trump’s accountants, and to major Trump lenders Deutsche Bank and Capital One.

Vance is investigating whether the Trump Organization falsified business records to conceal hush payments to two women, including pornographic film actress Stormy Daniels, who claimed they had sex with Trump before he took office. Trump has denied those claims.

President Trump responded with Tweet

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