Cohen: Trump feared audit if he released tax returns

U.S. President Donald Trump`s former personal lawyer Michael Cohen said on Wednesday that Trump did not want to release his tax returns because he feared public scrutiny would lead to an audit and penalties.

"What he didn`t want is to have an entire group of think tanks that are tax experts run through his tax return and start ripping it to pieces, and then he`ll end up in an audit and he`ll ultimately have taxable consequences, penalties and so on," Cohen told the U.S. House of Representatives Oversight Committee.

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