[ad_1]
Why can not New York release Mr. Trump's tax returns?
State laws generally prohibit the disclosure of such private tax information. The bill would amend those laws.
Nevertheless, there are other problems involved.
Federal laws, for example, protect federal tax information. If New York were to disclose the information on federal returns contained in a statement of state, the I.R.S. Daniel Hemel, an assistant professor at the University of Chicago's Faculty of Law, would not be happy and could even "stop cooperating with the state."
Remind me again: why do Democrats want tax returns?
Mr. Trump has kept many secret details about his personal and professional finances. He has never published his tax returns, breaking decades of tradition among presidential candidates.
Several investigations in New York and Washington – as well as a lengthy New York Times investigation – have raised the question of whether Mr. Trump had broken the laws to turn a collection of apartment buildings into classrooms. average that he had inherited from his father in a global real estate empire.
What could Mr. Trump's tax returns show in New York?
Since New York is Trump's home state and his real estate empire is based, these returns could reveal much of the same financial information as a federal return.
How else did the legislators try to get Mr. Trump's taxes?
The New York Truth Act, a bill introduced in the legislature in 2017, would have required the Department of Taxation and Finance to produce five years of tax returns from eight public servants who earned income at New York: President, Vice President, The two US Senators in New York and four elected from across the country, including the Governor and Attorney General.
This bill now has enough support to be passed by the Legislative Assembly.
Another bill would require presidential and vice-presidential candidates to disclose their old tax returns to appear on primary and general ballots.
[ad_2]
Source link