Federal Court of Appeal protects Trump’s tax returns, likely ahead of 2020 election
Trump’s lawyers have argued that Vance, a Democrat, is simply trying to smear the president with an overly broad investigation that has no legal basis.
In a case filed with the 2nd U.S. Circuit Court of Appeals, Vance’s attorneys again refused to reveal exactly why Trump is under investigation, citing grand jury secrecy rules.
The story continues under the ad
Trump calls tax inquiry a ‘political witch hunt’ after Supreme Court ruling
But they cited several reports in which Trump or his companies have been accused of overstating the value of its assets when dealing with business partners and potential lenders while downplaying the value of those same assets for tax purposes.
British Columbians to go to the polls on October 24 in fall election
Quebec woman identified as suspect behind ricinated letters sent to the White House
“Any investigation into the types of potential financial irregularities described above would necessarily require a review, not only of tax returns, but also of source documents, working papers and communications of the type identified in the Mazars subpoena, in order to to assess the accuracy and good faith of the positions taken in the deposits, as well as the roles of various employees and other potential witnesses, ”they wrote.
‘Prolonged criminal conduct’: prosecutor seeks Trump’s taxes, cites case investigation
Trump called Vance’s investigation a “fishing expedition” and “a continuation of the witch hunt – the greatest witch hunt in history.”
The U.S. Supreme Court has ruled against Trump once in the case before, dismissing his argument that presidents are immune from state criminal investigations while they are in office.
Trump issues new subpoena challenge for tax returns, calls it ‘overly broad’
Trump’s legal team then tried a different approach, saying the subpoena asking for his return was issued in bad faith.
This argument was also rejected by a federal judge last month. Trump has appealed.
Even if the appeals court decides in favor of Vance, Trump’s returns are unlikely to become public again before the election. Any document produced as a result of the subpoena will also be protected by the rules of grand jury secrecy.
© 2020 The Canadian Press