February 23, 2021

Anna Murray 

The US Supreme Court on February 22 granted the Manhattan District Attorney, Cyrus R. Vance Jr., permission to inspect Donald Trump’s federal income tax returns and other financial records. Since 2014 Trump has been dangling on whether to release his income tax records to the public. The former president became the only presidential candidate in decades to deny the revelation of his tax returns.

The legal battle for Attorney Vance over 8 years of Trump's tax filing records, tracing back to 2011, was related to an investigation into Trump's tax evasions. The February 22’s ruling of the Supreme Court was a decisive victory for Attorney Vance over the Trump organization. A spokesman for Attorney Vance said that his office would soon take action to enforce a subpoena on Trump’s audit, tax, and advisory firm, Mazars USA LLP. It will certainly unfold the Pandora box of Trump's financial secrets.

The New York Times once reported an article on Trump's taxes on September 27, 2020. Among the key findings of The Times’s investigation, Trump paid no federal income taxes in 11 of 18 years. The Times examined, after Trump was elected as the US president, his tax bill was only US$750 in 2017. New York prosecutors will start reviewing decades of tax information the former president has hidden from public view and any future revelation from a trove of Trump's tax records will be scrutinized.

Photo:Webshot.