AIRLINK 72.18 Increased By ▲ 0.49 (0.68%)
BOP 4.93 Decreased By ▼ -0.07 (-1.4%)
CNERGY 4.35 Decreased By ▼ -0.04 (-0.91%)
DFML 28.49 Decreased By ▼ -0.06 (-0.21%)
DGKC 81.30 Decreased By ▼ -1.10 (-1.33%)
FCCL 21.50 Decreased By ▼ -0.45 (-2.05%)
FFBL 33.05 Decreased By ▼ -1.10 (-3.22%)
FFL 9.86 Decreased By ▼ -0.22 (-2.18%)
GGL 10.48 Increased By ▲ 0.36 (3.56%)
HBL 114.00 Increased By ▲ 1.00 (0.88%)
HUBC 140.00 Decreased By ▼ -0.50 (-0.36%)
HUMNL 9.03 Increased By ▲ 1.00 (12.45%)
KEL 4.73 Increased By ▲ 0.35 (7.99%)
KOSM 4.38 Decreased By ▼ -0.12 (-2.67%)
MLCF 37.65 Decreased By ▼ -0.36 (-0.95%)
OGDC 133.70 Decreased By ▼ -0.99 (-0.74%)
PAEL 25.60 Decreased By ▼ -1.02 (-3.83%)
PIAA 23.98 Decreased By ▼ -1.42 (-5.59%)
PIBTL 6.48 Decreased By ▼ -0.07 (-1.07%)
PPL 122.62 Increased By ▲ 0.67 (0.55%)
PRL 27.07 Decreased By ▼ -0.66 (-2.38%)
PTC 13.60 Decreased By ▼ -0.20 (-1.45%)
SEARL 56.62 Increased By ▲ 1.73 (3.15%)
SNGP 69.24 Decreased By ▼ -0.46 (-0.66%)
SSGC 10.34 Decreased By ▼ -0.06 (-0.58%)
TELE 8.45 Decreased By ▼ -0.05 (-0.59%)
TPLP 11.28 Increased By ▲ 0.33 (3.01%)
TRG 61.21 Increased By ▲ 0.31 (0.51%)
UNITY 25.33 Increased By ▲ 0.11 (0.44%)
WTL 1.50 Increased By ▲ 0.22 (17.19%)
BR100 7,630 Decreased By -8.3 (-0.11%)
BR30 24,990 Increased By 18.4 (0.07%)
KSE100 72,602 Decreased By -159.4 (-0.22%)
KSE30 23,539 Decreased By -86.6 (-0.37%)
World

Trump takes tax battle back to Supreme Court

  • US presidents are not required by law to release details of their personal finances but every US leader since Richard Nixon has done so.
Published October 14, 2020

NEW YORK: US President Donald Trump on Tuesday took his long-running fight to prevent New York prosecutors from obtaining his tax returns to the Supreme Court for a second time.

The president's lawyers asked the court to block a federal appeals court ruling that said a subpoena of his tax records can proceed.

"Irreparable harm will result from the denial of a stay," his lawyers wrote in their appeal to the Supreme Court.

Manhattan District Attorney Cyrus Vance wants the returns, which cover 2011 to 2018, as part of an investigation into Trump's business affairs.

The prosecutor is investigating possible tax evasion, insurance fraud and falsification of accounts.

Vance is also seeking the records in connection with an alleged hush money payment made to porn actress Stormy Daniels.

US presidents are not required by law to release details of their personal finances but every US leader since Richard Nixon has done so.

Trump has broken with this tradition.

His lawyers claim that the subpoena is too broad for the scope of the investigation. They also claimed the probe is politically motivated.

Previously, his lawyers argued that the subpoena should be blocked because the president has immunity from prosecution.

That argument was rejected three times, including by the Supreme Court in July.

Ahead of the November 3 election, the New York Times reported last month that Trump paid just $750 in federal income taxes in 2016 and 2017, a claim the president denies.

Comments

Comments are closed.