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Donald Trump appeals to Supreme Court in tax litigation dispute

2019-12-06T21:51:05.530Z


According to a court ruling, Deutsche Bank has to file tax returns from US President Trump to the Democrats. He defends himself - and now asks the Supreme Court to stop the publication.



US President Donald Trump has come to the Supreme Court in the dispute over his financial records. His lawyers demanded that the Supreme Court suspend the sentence of a New York court of appeal by way of a preliminary injunction.

The Appeals Court ruled this Tuesday that Deutsche Bank must hand over Trump's financial records to two congressional committees. The president wants to prevent that.

The Democratic-controlled bodies had requested Trump and his family documents on the finances by way of punishment. They want to prove that possibly money flows from Moscow via Deutsche Bank to Trump have flowed. In addition to Deutsche Bank, the US institute Capital One is also involved in the case.

Read here: Donald Trump - The problem customer of the Deutsche Bank

The Trumps had gone to court for the release of the documents. The case landed at the New York Court of Appeals and the Supreme Court. The Supreme Court has already received two more cases involving Trump's financial records. The president is heavily involved in his finances and refuses to disclose his tax returns.

Trump's ties to Deutsche Bank date back to the 1990s. After a series of bankruptcies with its casinos and hotels in Atlantic City, major banks avoided the then real estate mogul. Deutsche Bank, on the other hand, granted Trump credit.

Source: spiegel

All business articles on 2019-12-06

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