The US Department of the Treasury must provide Congress with the tax returns of former President Donald Trump for an investigation.
The Department of Justice ordered this in the investigation framework into the finances of the former president that began in 2019.
The United States Department of Justice ordered the Treasury on Friday to hand over Donald Trump's tax records to Congress, in an important advance in an investigation into the former president's finances that began in 2019.
The Justice Department said the House Ways and Means Committee, looking for six years of records that some believe could expose questionable accounting, had a legitimate reason to see them.
"Access to former President Trump's tax returns is a matter of national security," said House Speaker Nancy Pelosi, the top Democrat in Congress, adding: "The American people deserve to know the facts of his worrying conflicts of interest and the undermining of our security and democracy as president."
This year, the ruling was the second legal setback for the real estate mogul's efforts to prevent its tax returns, including data on assets, income, and tax payments, from being made public.
In February, the Supreme Court refused to block a Trump tax subpoena by a New York prosecutor investigating his business and personal financial relationships. In that case, the records are protected from being disclosed to the public.
If the records are turned over to the House committee, which wanted them in an Internal Revenue Service investigation, there is a much greater chance that they will be revealed.
Since Richard Nixon, who took office in 1969, all US presidents have made their tax and estate records public. But even before he was elected, Trump refused to release information about his income, claiming that his records were "under audit" by the IRS.
If true, that audit was still incomplete when he left office on January 20, an extraordinary time for such a process to run its course.
Meanwhile, the Treasury and Justice Departments, at the time led by Trump loyalists, resisted subpoenas to turn over the records, forcing the committee to take the case to court.
The committee's chairman, Richard Neal, had argued that its members needed the disclosures to understand how the IRS conducts its presidential audits and whether Trump had "undue influence" over the agency.
"Without reviewing the materials of the requested returns, the committee cannot ensure that the IRS audit process is working fairly and effectively, understand how the provisions of the tax code are implicated in President Trump's statements, or exercise its judgment. Legislative to determine whether changes to the code may be justified," the panel said in 2019.
But behind that question are suspicions that billionaire Trump has rigged the tax code to pay too little and may have significantly violated tax laws, as alleged in the New York investigation.