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Daily Tax Report: State

Trump Tax Returns Could Be ‘Treasure Trove’ for Prosecutors (1)

July 9, 2020, 7:23 PM

President Donald Trump’s refusal to release his tax returns has long fed a belief among his critics that they must contain politically damaging financial information or even evidence of criminal conduct.

The U.S. Supreme Court on Thursday cleared the way for Manhattan District Attorney Cyrus Vance to get his hands on nearly a decade’s worth of those documents as part of a grand jury investigation, rejecting the president’s claim of absolute immunity from a subpoena issued to his accounting firm, Mazars LLP.

“The clouds are getting larger and darker for the president,” said Gene Rossi, a former...

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