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  1. U.S. treasury secretary rejects subpoena for Trump's tax returns

    Source: Xinhua| 2019-05-18 13:27:46|Editor: Xiaoxia
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    WASHINGTON, May 17 (Xinhua) -- U.S. Treasury Secretary Steven Mnuchin said Friday that he will not comply with a congressional subpoena to turn over President Donald Trump's federal tax returns in six years, likely to trigger a court battle with Congress.

    In a letter sent to House Ways and Means Committee Chairman Richard Neal, Mnuchin said that the request "lacks a legitimate legislative purpose" and that he would not authorize the release of Trump's personal and business tax returns to Congress.

    Tax transparency has been in the spotlight after Trump rejected a decades-old tradition that presidents and White House hopefuls would make their tax returns public.

    Democrats have claimed that Trump's business dealings present a host of potential conflicts of interest that they can't understand without his tax information.

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