https://www.yahoo.com/finance/news/1-york-prosecutors-trump-tax-154745633.html
ANNUTER buggering, and Ginsburg is the one decides on the request for a stay, good luck with that, lol.
[h=1]Trump's accounting firm must hand over 8 years of tax returns, court rules[/h]
By Brendan Pierson,Reuters 12 hours ago
By Brendan Pierson
NEW YORK, Nov 4 (Reuters) - President Donald Trump's
longtime accounting firm must hand over eight years of his taxreturns to New York prosecutors, a U.S. appeals court ruledMonday in the latest setback for Trump in his tenacious effortsto keep his finances secret.
The ruling by a unanimous three-judge panel of the New
York-based 2nd U.S. Circuit Court of Appeals backed the abilityof prosecutors to enforce a subpoena for the returns againstaccounting firm Mazars LLP. Jay Sekulow, a lawyer for Trump,said the Republican president will appeal the ruling to the U.S.Supreme Court, whose 5-4 conservative majority includes twojustices appointed by Trump.
The office of Manhattan District Attorney Cyrus Vance, a
Democrat, is seeking the returns as part of a criminalinvestigation into Trump and his family real estate business.The scope of that probe is not publicly known.
The 2nd Circuit did not decide whether Trump is immune from
being charged with a state crime while in office, as thepresident has argued. However, it found that even if he is, theimmunity could not stop Vance from getting the returns from athird party, or from prosecuting him once he leaves office.
It would "exact a heavy toll on our criminal justice system
to prohibit a state from even investigating potential crimescommitted by him for potential later prosecution," 2nd CircuitChief Judge Robert Katzmann wrote in the ruling.
Vance's office has agreed not to enforce the subpoena while
Trump petitions the Supreme Court. Under the agreement, Trumphas 10 calendar days to file the petition.
Trump, who built a real estate empire with his New
York-based business before becoming president, separately facesan impeachment inquiry in the Democratic-led U.S. House ofRepresentatives.
BREAKING TRADITION
Trump has refused to make his tax returns public, breaking
with a decades-old tradition of U.S. presidential candidatesreleasing their returns during campaigns and presidentsdisclosing them while in office. More broadly, Trump has foughtefforts by Democrats in Congress and others to obtaininformation about his finances and a range of other matters.
In a similar dispute, Treasury Secretary Steven Mnuchin in
May refused to release Trump's tax returns to a House committee,saying the request was not based on "a legitimate legislativepurpose." The House then sued the Treasury Department and theInternal Revenue Service in July to try to get access to the taxrecords. The U.S. Court of Appeals for the District of ColumbiaCircuit on Oct. 11 ruled in favor of the House bid to obtainTrump's financial records from Mazars.
In August, Vance subpoenaed Trump's personal and corporate
tax returns from 2011 to 2018, and other records from MazarsUSA, the president's longtime accounting firm. Trump suedVance's office in Manhattan federal court to try to block thesubpoena, arguing that as a sitting president, he cannot besubject to criminal investigation.
On Oct. 7, U.S. District Judge Victor Marrero threw out
Trump's lawsuit, calling his claim of immunity "repugnant to thenation's governmental structure and constitutional values." Theruling prompted Trump's appeal to the 2nd Circuit.
Arguing before the appeals court on Oct. 23, a lawyer for
Trump made the claim of immunity more explicit, saying state authorities would be powerless to act against the president evenif he shot someone on the street unless he were removed from office first.
Katzmann wrote in Monday's order that the extent of the
president's immunity was irrelevant to the case.
"The subpoena at issue is directed not to the President, but
to his accountants; compliance does not require the President todo anything at all," Katzmann wrote.
Katzmann was appointed to the court by former President Bill
Clinton, a Democrat. The other two judges on the panel,Christopher Droney and Denny Chin, both appointed by former President Barack Obama, Trump's predecessor and also a Democrat.
A spokesman for Vance declined to comment on the ruling.
Trump filed his own lawsuit in July seeking to block the
House Ways and Means Committee from invoking a New York law thatallows it to request his state tax returns. That case remains pending.
The House impeachment inquiry focuses on the president's
request in a July phone call for Ukrainian President VolodymyrZelenskiy to investigate a domestic political rival, Joe Biden,the former vice president and a top contender for the 2020Democratic presidential nomination to face Trump.
(Reporting by Brendan Pierson in New York
Editing by Will Dunham and Chizu Nomiyama)
ANNUTER buggering, and Ginsburg is the one decides on the request for a stay, good luck with that, lol.
[h=1]Trump's accounting firm must hand over 8 years of tax returns, court rules[/h]
By Brendan Pierson,Reuters 12 hours ago By Brendan Pierson
NEW YORK, Nov 4 (Reuters) - President Donald Trump's
longtime accounting firm must hand over eight years of his taxreturns to New York prosecutors, a U.S. appeals court ruledMonday in the latest setback for Trump in his tenacious effortsto keep his finances secret.
The ruling by a unanimous three-judge panel of the New
York-based 2nd U.S. Circuit Court of Appeals backed the abilityof prosecutors to enforce a subpoena for the returns againstaccounting firm Mazars LLP. Jay Sekulow, a lawyer for Trump,said the Republican president will appeal the ruling to the U.S.Supreme Court, whose 5-4 conservative majority includes twojustices appointed by Trump.
The office of Manhattan District Attorney Cyrus Vance, a
Democrat, is seeking the returns as part of a criminalinvestigation into Trump and his family real estate business.The scope of that probe is not publicly known.
The 2nd Circuit did not decide whether Trump is immune from
being charged with a state crime while in office, as thepresident has argued. However, it found that even if he is, theimmunity could not stop Vance from getting the returns from athird party, or from prosecuting him once he leaves office.
It would "exact a heavy toll on our criminal justice system
to prohibit a state from even investigating potential crimescommitted by him for potential later prosecution," 2nd CircuitChief Judge Robert Katzmann wrote in the ruling.
Vance's office has agreed not to enforce the subpoena while
Trump petitions the Supreme Court. Under the agreement, Trumphas 10 calendar days to file the petition.
Trump, who built a real estate empire with his New
York-based business before becoming president, separately facesan impeachment inquiry in the Democratic-led U.S. House ofRepresentatives.
BREAKING TRADITION
Trump has refused to make his tax returns public, breaking
with a decades-old tradition of U.S. presidential candidatesreleasing their returns during campaigns and presidentsdisclosing them while in office. More broadly, Trump has foughtefforts by Democrats in Congress and others to obtaininformation about his finances and a range of other matters.
In a similar dispute, Treasury Secretary Steven Mnuchin in
May refused to release Trump's tax returns to a House committee,saying the request was not based on "a legitimate legislativepurpose." The House then sued the Treasury Department and theInternal Revenue Service in July to try to get access to the taxrecords. The U.S. Court of Appeals for the District of ColumbiaCircuit on Oct. 11 ruled in favor of the House bid to obtainTrump's financial records from Mazars.
In August, Vance subpoenaed Trump's personal and corporate
tax returns from 2011 to 2018, and other records from MazarsUSA, the president's longtime accounting firm. Trump suedVance's office in Manhattan federal court to try to block thesubpoena, arguing that as a sitting president, he cannot besubject to criminal investigation.
On Oct. 7, U.S. District Judge Victor Marrero threw out
Trump's lawsuit, calling his claim of immunity "repugnant to thenation's governmental structure and constitutional values." Theruling prompted Trump's appeal to the 2nd Circuit.
Arguing before the appeals court on Oct. 23, a lawyer for
Trump made the claim of immunity more explicit, saying state authorities would be powerless to act against the president evenif he shot someone on the street unless he were removed from office first.
Katzmann wrote in Monday's order that the extent of the
president's immunity was irrelevant to the case.
"The subpoena at issue is directed not to the President, but
to his accountants; compliance does not require the President todo anything at all," Katzmann wrote.
Katzmann was appointed to the court by former President Bill
Clinton, a Democrat. The other two judges on the panel,Christopher Droney and Denny Chin, both appointed by former President Barack Obama, Trump's predecessor and also a Democrat.
A spokesman for Vance declined to comment on the ruling.
Trump filed his own lawsuit in July seeking to block the
House Ways and Means Committee from invoking a New York law thatallows it to request his state tax returns. That case remains pending.
The House impeachment inquiry focuses on the president's
request in a July phone call for Ukrainian President VolodymyrZelenskiy to investigate a domestic political rival, Joe Biden,the former vice president and a top contender for the 2020Democratic presidential nomination to face Trump.
(Reporting by Brendan Pierson in New York
Editing by Will Dunham and Chizu Nomiyama)
ointer:
