Donald Trump breaks 40-year tradition by refusing to release tax returns

Trump administration refuses to release President's tax returns

Donald Trump's administration has - for a long time - refused to make his tax returns a matter of public record

Monday, January 23, 2017

The White House has flatly refused to release Donald Trump's tax returns for public viewing. 

There's been an ongoing battle over the President's tax returns. He repeatedly refused to make them public, even after promising he would do so following an audit over the matter. 

In doing so, he has broken a 40-year tradition, where serving presidents or potential candidates show the American public the extent of their financial stakes and interests. 

His senior advisor, Kellyanne Conway, made the announcement to ABC. And now, Wikileaks has called for someone within the Trump administration to leak the documents in order for them to be published. 

The site said on Twitter: "Trump’s breach of promise over the release of his tax returns is more gratuitous than Clinton concealing her Goldman Sachs transcripts.”

In October, during the Presidential campaign, Mr Trump's 1995 tax returns were leaked to the press.

The New York Times revealed how the then-candidate had lost a total of $916 million in a year, which could have prevented him from paying federal taxes for up to 18 years. 

Prior to taking office, Mr. Trump handed control of his business over to his adult sons Donald Jr. and Eric, who will manage the business while he serves as president.