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Trump has no plans to release tax returns despite the Times probe

In this AFP file photo taken on August 21, 2018, a protester holds a sign outside the US Courthouse in Alexandria, Virginia, on the fourth day in the bank and tax fraud case against former Trump campaign manager Paul Manafort.

US President Donald Trump has no plans to release tax returns despite a recent investigation by the New York Times, which concluded that he engaged in "dubious tax schemes" that included "instances of outright fraud.

"I’m not going to sit and go through every single line of a very boring, 14,000-word story," White House press secretary Sarah Huckabee Sanders told reporters at a press briefing on Wednesday.

The Times’ findings, which followed an extensive investigation, were unlikely to open Trump up to criminal prosecution.

Sanders undermined the whole report, yet referring to “one thing the article did get right.”

“In fact, the president brought his father into a lot of deals and they made a lot of money together,” Sanders said. “So much so, that his father went on to say that ‘everything he touched turned to gold.’”

The report further cast aspersion on Trump’s frequent claim that he is a self-made billionaire and a skillful deal maker.

Most of the money Trump received from his father’s real estate empire in the 1990s allegedly came through tax dodges.

American real estate developer Frederick Christ Trump

The figure would amount to at least $413 million in today’s dollars.

As Trump has refused release his tax returns, unlike any of his predecessors, the newspaper had to examine a "trove of confidential tax returns and financial records" for its report.


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