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Wales Online
Wales Online
National
Daniel Smith

Donald Trump's tax returns to be released today after long legal battle

A House committee is set to release six years of Donald Trump’s tax returns on Friday, revealing financial records that the former president fought for years to keep secret. The Democratic-controlled House Ways and Means Committee voted last week to release the returns, with some redactions of sensitive information, such as Social Security numbers and contact information.

Their dissemination comes in the waning days of Democrats’ control of the House and as Mr Trump’s fellow Republicans prepare to retake power in the chamber. The committee obtained six years of Mr Trump’s personal and business tax records, from 2015 to 2020, while investigating what it said in a December 20 report was the Internal Revenue Service’s failure to pursue mandatory audits of Mr Trump on a timely basis during his presidency, as required under the tax agency’s protocol.

The release raises the potential of new revelations about Mr Trump’s finances, which have been shrouded in mystery and intrigue since his days as an up-and-coming Manhattan developer in the 1980s. The returns could take on added significance now that Mr Trump has launched a third campaign for the White House.

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