EPA/MICHAEL REYNOLDS

We've got Trump's tax returns: TV host

US news organisation MSNBC claims to have obtainted President Donald Trump's tax returns, and plans to release them within hours.

The tease, from MSNBC host Rachel Maddow, reveals no details.

Exactly how the network obtained the tax returns is also unclear. Repeated attempts by various political and media organisations during the past year have failed.
 

President Trump has repeatedly said he would not release his personal tax detailed, claiming he was unable to do so because of an audit by the Internal Revenue Service. The IRS, however, says there is no reason why he cannot make his own details public.

President Trump's tax returns have been of renewed interest in recent weeks as they may reveal the extent of his financial ties to Russia.
 

 

President Trump is is the first Presidential candidate from either the Democrats or Republicans not to throw open his financial records to the public since 1976. A poll in January revealed 74 per cent of US voters felt he should have done so.

The custom of presidential candidates releasing their tax returns began in 1968 with George Romney.

Mr Romney made his returns public, while getting ready to run against Lydon Johnson and Richard Nixon.

In contrast Mr Nixon refused to make his financial affairs public. In 1972 Mr Nixon again declined to release his tax returns.

In 1973, the Internal Revenue Service audited President Nixon, which lead to his famous remark.

"I welcome this kind of examination, because people have got to know whether or not their president is a crook. Well, I am not a crook. I have earned everything I have got."

News Corp Australia


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