Donald Trump explained why he told Treasury that he lost more than $ 1,000 million in ten years.

"You have always wanted to show losses for tax reasons … " The President of the United States spoke on these words via his Twitter account after the release of a report stating that his company had lost more than a billion dollars between 1985 and 1994.

The tax returns were obtained by The New York Times newspaper, which irritated the president and motivated the explanation.

According to documents obtained by the newspaper, some copies of the official transcripts of the Internal Tax Service (IRS for its acronym in English) of the real estate entrepreneur of the time, Trump recorded $ 46.1 million in business losses in 1985 (mainly with its casinos and hotels), and a total of $ 1.170 million in losses over 10 years.

In this regard, the president spoke Wednesday on his Twitter account and said that in those years, real estate investors had the opportunity to benefit from "huge exemptions"they showed losses in buildings."Sometimes it was considered a "tax shelter"", explained such a maneuver.

He also apologized saying that claims reporting was common among entrepreneurs in his field: "Almost all developers have done it"

Because of its heavy commercial losses, Trump has not paid income tax for eight of the ten years, the newspaper reported.

This is not the first time Trump has admitted that his maneuvers do not pay income tax. At one of the presidential debates of the 2016 campaign, Hillary Clinton reprimanded him about it, which he replied: "It makes me intelligentIn addition, he claimed that his contributions had been "wasted" by the Treasury.

Trump also described Wednesday the journalistic investigation as a "very imprecise" attack on the part of False news, term used to attack the critical press.

After comparing Trump's information with that of other high-income people, the Time concluded that the current president "seems to have lost more money than almost every other American taxpayer".

Last October, the NYT had already investigated Trump's financial situation, which would have received more than $ 400 million from his parents, thanks in part to tax evasion maneuvers.

Tuesday's report comes amidst a battle between Democrats in the House of Representatives and the Trump administration for the application of Trump's personal and commercial tax returns from 2013 to 2018.

The Resources and Excise Commission has asked the IRS to provide Trump's personal and corporate income tax returns over the past five years, but on Monday, Treasury Secretary Steven Mnuchin, stated that he would not deliver them and that the Committee's request "lacked" a legitimate legislative objective ".

It is likely that the action of Mnuchin provokes a legal dispute. The main options available to Democrats are to send a subpoena to the IRS for statements or to file a complaint.

Trump is the first president since Watergate to refuse to release his tax returns.

(With information from AP, EFE and AFP)