Trump may release tax returns, when 'out of office'

Saturday, 13 May, 2017

The president is attempting to downplay charges of ties between his election campaign and Russian Federation.

Dodson said that in 2014 he and Eric Trump were talking about how Donald Trump had secured a $100 million investment in golf courses, when Eric Trump told him, "We don't rely on American banks".

When Trump returned to NY, he and Agalarov told Real Estate Weekly they planned to replicate Trump Soho in Moscow.

Trump has bucked four decades of presidential tradition in refusing to release his tax returns. Allen Garten, a Trump Organization lawyer, told the Financial Times previous year that he "had no reason to question" where Bayrock got its money.

The President first said he doubted he would do it, and insisted that "nobody" cared about his returns "except the media". These contortions just so they can string together the more definitive - yet false - phrase "any income of any type from Russian sources" just blew away any credibility behind the letter.

"With respect to this last exception", the letter concludes, "the amounts are immaterial".

A Florida estate Trump Properties sold to a Russian billionaire in 2008 for $95 million, that it had purchased three years before for $41 million.

Another exception was the $12.2 million made from holding the Miss Universe pageant in Moscow in 2013, according to the letter signed by attorneys Sheri A. Dillon and William F. Nelson.

Trump's presidency has been overshadowed by allegations of collusion between aides and Russian officials.

Trump also had a long-standing financing and business relationship with a company called Bayrock.

Likewise, a USA business would not invest directly in a Russian entity but would likely do so through a foreign corporation. At the time, Trump's possible business ties to Russian Federation had been the subject of numerous news stories. They would show his income, his contributions to charity, his local tax payments and other details about his businesses. But he hasn't divested himself of his businesses, and ethics experts say the scale of his holdings in the USA and around the world, and the close involvement of his children, mean any trust wouldn't extricate the president from all conflicts of interest.

Following the release of the letter, Sen.

It was sent to Republican Senator Lindsey Graham, who sits on the Senate Judiciary Committee, which is investigating Russian interference in the USA presidential election.

Morgan Lewis did not immediately return a request for comment.