July 09, 2020
In a much-anticipated verdict, the US Supreme Court on Thursday ruled that a New York prosecutor can obtain Donald Trump’s financial records, but also decided Democratic-led committees can not.
The Supreme Courts Ruling On Donald Trumps Tax Returns Explained For Brits
The mixed verdicts mean the president’s tax returns, banking and other documents will be kept out of the public eye for the time being, possibly until after the presidential election in November.
Trump reacted furiously to the news despite effectively being granted a reprieve.The Supreme Court sends case back to Lower Court, arguments to continue. This is all a political prosecution. I won the Mueller Witch Hunt, and others, and now I have to keep fighting in a politically corrupt New York. Not fair to this Presidency or Administration!— Donald J. Trump (@realDonaldTrump) July 9, 2020So what does this all actually mean?Let’s start with the actual financial records themselves. Donald Trump’s tax returns have long been sought after as they detail all of his financial dealings from before he became president.
Trump’s dealings in property are incredibly murky and there have always been whisperings that he has been propped up in the past with money from Russia.
And being indebted to one of the US’s main geopolitical rivals would obviously pose a serious conflict of interest for the president.
These whisperings have been given further weight by the fact that the only bank that was willing to lend Trump money after he became bankrupt was Deutsche Bank, which was fined $630 million in 2017 for Russian money laundering.
In short, they could be pretty juicy.The president has of course always denied this but at the same time has gone to extreme lengths to keep his tax returns private, even though in modern times it has been the norm for the sitting president to release them.Who is after his financial records?Pretty much everyone but the ones we’re talking about today are a grand jury investigation in New York and three Democratic-led committees. 
The New York investigation into Trump and the Trump Organisation was sparked by disclosures of hush payments to two Women who said they had past sexual relationships with him, pornographic film Actress Stormy Daniels and former Playboy model Karen McDougal.
It wants access to the records, which include tax returns, as part of this investigation.
The House Oversight Committee is in charge of keeping the president in check and in April 2019 asked for the financial information in response to the congressional testimony of Michael Cohen, Trump’s former lawyer.
Cohen said Trump had inflated and deflated certain assets on financial statements between 2011 and 2013 in part to reduce his real estate taxes.
Separately, the House Financial Services Committee has been examining possible money laundering in US property deals involving Trump and is investigating whether Trump’s dealings left him vulnerable to the influence of foreign individuals or governments.Why has Trump said they shouldn’t have them?In the New York case, Trump’s lawyers argued that under the Constitution he is immune from any criminal proceeding while serving as president. They also cited Justice Department guidance that a sitting president cannot be indicted or prosecuted.
In a lower court hearing, Trump’s lawyers went so far as to argue that law enforcement officials would not have the power to investigate Trump even if he shot someone on New York’s Fifth Avenue.
Again it should be pointed out that every sitting president in recent history has released their tax returns – it’s not a big deal so the fact Trump and his lawyers are going to such lengths to keep them secret raises some eyebrows.What did the Supreme Court say?The justices rejected arguments by Trump’s lawyers and the Justice Department that the president is immune from investigation while he holds office or that a prosecutor must show a greater need than normal to obtain the records.
By seven votes to two, the justices upheld the Manhattan district attorney’s demand for Trump’s tax returns but kept a hold on financial records that the committees have been seeking for more than a year.So when do we get to see them?Because the grand jury process is confidential, the rulings make it unlikely any of Trump’s financial records will become public soon, and almost certainly not before they could have an effect on November’s election.
The ruling returns the case to lower courts, with no clear prospect for when the case might ultimately be resolved.
Head of the New York investigation, Manhattan district attorney Cyrus Vance Jr said his probe, on hold while the court fight played out, will now resume.
“This is a tremendous victory for our nation’s system of justice and its founding principle that no-one – not even a president – is above the law,” he said.
“Our investigation, which was delayed for almost a year by this lawsuit, will resume, guided as always by the grand jury’s solemn obligation to follow the law and the facts, wherever they may lead.”
So in short, watch this space... Related... Donald Trump's Latest Tweet On Coronavirus Might Be His Dumbest Yet Bikini-Clad Sacha Baron Cohen Pranks Rudy Giuliani, Who Calls Police
Related Stories
Latest News
Top news around the world
Academy Awards

‘Oppenheimer’ Reigns at Oscars With Seven Wins, Including Best Picture and Director

Get the latest news about the 2024 Oscars, including nominations, winners, predictions and red carpet fashion at 96th Academy Awards

Around the World

Celebrity News

> Latest News in Media

Watch It
Olivia Munn Reveals Breast Cancer Diagnosis and Double Mastectomy Procedure | E! News
March 13, 2024
kUaEV1Kd3S0
Travis Kelce Shares Details From His Trip to Singapore With Taylor Swift | E! News
March 13, 2024
3YXi-Dgf4eg
Kate Middleton VIRAL Photo: Agency Addresses Photoshop Claims | E! News
March 13, 2024
S4VkO0TpkCY
Da'Vine Joy Randolph Plays 'Smash or Pass' With Iconic Moments From Her Career
March 13, 2024
vkPdJEF2BX4
Jean Smart Wears a Hotel Bathrobe to Present an Award to Hannah Einbinder l Power of Comedy SxSW
March 12, 2024
Bw7uVEYQev4
Lenny Kravitz Walk of Fame Ceremony
March 12, 2024
MlWq8BcnwhE
Dak Prescott Extortion Plot & Steph Curry for President? | TMZ Sports Full Ep - 3/12/24
March 13, 2024
jHFsrjs7OFY
A Japanese space rocket blew up after takeoff Tuesday, turning the sky into a fireball of smoke.
March 13, 2024
YkfJ3Qg8B7c
#KimKardashian and #BiancaCensori hung out at #KanyeWest's listening party Tuesday night!
March 13, 2024
EfwLLq6bx9k
‘Pioneer Woman’ Ree Drummond denies using Ozempic to lose 60 pounds
March 13, 2024
Omfjk1AlZ3A
Chrissy Teigen reveals her ‘boob lift scars’ in daring dress at Jay-Z & Beyoncé’s Oscars 2024 party
March 13, 2024
VxZ2qXAlpmU
Zoë Kravitz pokes fun at dad Lenny Kravitz's style during Hollywood Walk of Fame speech
March 13, 2024
j3-lcFu_1sQ
TV Schedule
Late Night Show
Watch the latest shows of U.S. top comedians

Sports

Latest sport results, news, videos, interviews and comments
Latest Events
17
Mar
SPAIN: La Liga
Atletico Madrid - Barcelona
17
Mar
ENGLAND: FA Cup
Manchester United - Liverpool
17
Mar
ITALY: Serie A
Inter Milan - Napoli
17
Mar
GERMANY: Bundesliga
Borussia Dortmund - Eintracht Frankfurt
17
Mar
ENGLAND: FA Cup
Chelsea - Leicester City
17
Mar
ITALY: Serie A
Roma - Sassuolo
17
Mar
ITALY: Serie A
Verona - AC Milan
17
Mar
ITALY: Serie A
Juventus - Genoa
17
Mar
GERMANY: Bundesliga
SC Freiburg - Bayer Leverkusen
17
Mar
USA: Major League Soccer
Atlanta United - Orlando City
17
Mar
ENGLAND: Premier League
West Ham United - Aston Villa
17
Mar
SPAIN: La Liga
Rayo Vallecano - Real Betis
17
Mar
ENGLAND: Championship
Leeds - Millwall
17
Mar
SPAIN: La Liga
Las Palmas - Almeria
17
Mar
SPAIN: La Liga
Villarreal - Valencia
17
Mar
SPAIN: La Liga
Sevilla - Celta Vigo
16
Mar
GERMANY: Bundesliga
Darmstadt - Bayern Munich
16
Mar
ENGLAND: FA Cup
Manchester City - Newcastle United
16
Mar
ENGLAND: Premier League
Fulham - Tottenham Hotspur
16
Mar
SPAIN: La Liga
Osasuna - Real Madrid
13
Mar
CHAMPIONS LEAGUE: 1/8 Final
Atletico Madrid - Inter Milan
12
Mar
CHAMPIONS LEAGUE: 1/8 Final
Barcelona - Napoli
12
Mar
CHAMPIONS LEAGUE: 1/8 Final
Arsenal - Porto
11
Mar
ENGLAND: Premier League
Chelsea - Newcastle United
10
Mar
ENGLAND: Premier League
Liverpool - Manchester City
10
Mar
SPAIN: La Liga
Real Madrid - Celta Vigo
10
Mar
ENGLAND: Premier League
Aston Villa - Tottenham Hotspur
10
Mar
ITALY: Serie A
Juventus - Atalanta
10
Mar
ITALY: Serie A
Fiorentina - Roma
10
Mar
ITALY: Serie A
AC Milan - Empoli
09
Mar
GERMANY: Bundesliga
Werder Bremen - Borussia Dortmund
09
Mar
ENGLAND: Premier League
Arsenal - Brentford
09
Mar
ITALY: Serie A
Bologna - Inter Milan
Find us on Instagram
at @feedimo to stay up to date with the latest.
Featured Video You Might Like
zWJ3MxW_HWA L1eLanNeZKg i1XRgbyUtOo -g9Qziqbif8 0vmRhiLHE2U JFCZUoa6MYE UfN5PCF5EUo 2PV55f3-UAg W3y9zuI_F64 -7qCxIccihU pQ9gcOoH9R8 g5MRDEXRk4k
Copyright © 2020 Feedimo. All Rights Reserved.