Paul L. Caron
Dean



Thursday, September 3, 2020

NY Times: Trump Wins Another Delay In Turning Over Tax Returns

New York Times, Trump Wins Another Delay in Turning Over Tax Returns:

President Trump on Tuesday won another delay in the long-running legal battle over whether he must turn over eight years of tax returns to the Manhattan district attorney’s office, which subpoenaed them a year ago in a criminal investigation focused on Mr. Trump, his business and his associates.

In a brief order, a federal appeals court in New York said it would temporarily block a grand jury subpoena issued by the district attorney, Cyrus R. Vance Jr., a Democrat, while it considers Mr. Trump’s arguments that the request was “wildly overbroad” and politically motivated.

The ruling is the latest development in the president’s aggressive effort to keep his tax returns and other financial records out of the hands of prosecutors, Congress and others — a dispute that has reached the United States Supreme Court once and is likely to end up there again.

With the election looming, the ruling means that as a practical matter the prosecutors, even if they are ultimately successful, will not receive Mr. Trump’s records for at least another month, and perhaps longer if he seeks a review in the Supreme Court.

https://taxprof.typepad.com/taxprof_blog/2020/09/ny-times-trump-wins-another-delay-in-turning-over-tax-returns.html

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Comments

There's nothing illegal there. Trump is wealthy enough, his taxes are done by experts in tax law. Fighting this keeps his critics busy at relatively little cost to himself.

Posted by: Mike Perry | Sep 3, 2020 1:28:31 PM

Mike: "There's nothing illegal there."

Perhaps, though it's worth noting that the President's taxes are subject to automatic audit and scrutiny by the IRS. These days, you'd think something would have leaked if there was any tax illegality to make hay out of.

Pelosi already announced her intent to leak these to the public when Democrats get them. That is a crime, literally, for which she announced her intent to commit in advance.

Posted by: MM Classic | Sep 7, 2020 8:24:56 PM