Investing.com - Financial Markets Worldwide
Get 40% Off
Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

U.S. Justice Dept says IRS must provide former President Donald Trump's tax returns to Congress

Published 07/30/2021, 01:31 PM
Updated 07/30/2021, 05:45 PM
© Reuters. FILE PHOTO: Former President Donald Trump speaks to his supporters during the Save America Rally at the Sarasota Fairgrounds in Sarasota, Florida, U.S. July 3, 2021. REUTERS/Octavio Jones/File Photo

By Sarah N. Lynch

WASHINGTON (Reuters) - The U.S. Justice Department on Friday ordered the Internal Revenue Service to hand over former President Donald Trump's tax returns to a House of Representatives committee, saying the panel has offered "sufficient reasons" for requesting the material.

The department's Office of Legal Counsel reversed course and declared that the department erred in 2019 when Trump was still in office when it found that the request for his taxes by the Democratic-led House Ways and Means Committee was based on a "disingenuous" objective aimed at exposing them to the public.

"We cannot know where receipt of the requested tax information will take the committee, any more than the committee itself can predict what it will find or determine," wrote Acting Assistant Attorney General Dawn Johnsen for the Office of Legal Counsel.

However, Johnsen noted, "the respect due a co-equal branch of government requires that we presume the Committee will handle the tax information it receives with sensitivity to taxpayer privacy concerns."

Unlike other recent presidents, Trump did not publicly disclose his tax returns.

Latest comments

Who's privacy will they invade next. If they decide to make PRESIDENT Trumps financial information public, I want to see Biden's, Kamal toe Harris's, Nancy's, and the list goes on. Why is this type of behavior only targeted at the right? Let's see the lefts' corruption exposed. We all know it is there anyway.
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.