LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Mnuchin says Treasury lawyers consulted White House on Trump tax returns

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Tue, Apr 09, 2019
11:45 pm
Reuters
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

U.S. Treasury Secretary Steven Mnuchin said on Tuesday that Treasury Department lawyers had held discussions with the White House about an expected request from House Democrats for President Donald Trump`s tax returns.

Mnuchin, at a House Appropriations subcommittee budget hearing, said the "informational" conversations had taken place before House Ways and Means Committee Chairman Richard Neal`s request last week for six years of Trump`s tax returns.

Democrats are pursuing Trump`s returns under a legal authority that aims to prevent interference from the White House on the Treasury`s decision whether to release the tax returns.

Mnuchin said he personally has had no conversations with anyone in the White House about the request, and was not briefed on the contents of the prior conversations between Treasury and White House lawyers.

"I believe that was purely informational," he said of those discussions. "We had obviously read in the press that we were expecting this. I personally wasn’t involved in those conversations."

Mnuchin said that the Treasury would "follow the law" regarding Neal`s request for Trump`s tax returns, adding that this was being reviewed by the Treasury`s legal department.

On Sunday, White House Chief of Staff Mick Mulvaney said Trump`s tax returns will never be handed over to Democratic lawmakers, in defiance of an effort in Congress to learn more about the former real estate mogul`s personal finances.

Asked on "Fox News Sunday" if congressional Democrats will succeed in obtaining the Republican president`s tax returns, Mulvaney said: "No, never. Nor should they.".

An attorney for Trump on Friday blasted the request from Democrats as "a misguided attempt" to politicize the tax laws, accusing lawmakers of harassment and interference in IRS audits.

Representative Mike Quigley of Illinois, the Democrat who chairs the House Appropriations Subcommittee on Financial Services and General Government, pressed Mnuchin for more detail about the contact between Treasury and White House lawyers.

"I think this committee would like to know if in those communications, the White House had expressed their desire to you or anybody else at Treasury what their views (are) or how you should act on this matter," Quigley said. "So if you would pass that on it would be greatly appreciated."

Democrats are relying on a provision in the Internal Revenue Service code enacted in 1924 after the Teapot Dome oil leases scandal rocked the Warren Harding administration. They say it requires the Treasury secretary to turn over any tax returns to the chairmen of the congressional tax committees who request them for investigative purposes.

But if Congress takes the administration to court over Trump’s taxes, little case law would be available to help guide judges, legal experts say. That is both because the statute cited by Neal to obtain the returns has hardly ever been contested, and because most document disputes between the legislative and executive branches of government are resolved by negotiation.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details Infosys Chairman Nandan Nilekani on India's Digital Economy I Kotak Institutional Equities highlights details
Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities Digital economy to outpace GDP growth, will result in 'competitive advantage period' for leaders in digital space highlights ICICI Securities
#GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here #GSTMakeItEasy: Facing GST related issues? Big initiative by Zee Business - Tweet your problems now! Check all details here
India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global India’s economy picking up steam, estimate recovery at 10% in FY22: S&P Global
RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21 RBI Monetary Policy: Governor Das says repo rate unchanged, sees GDP at 10.5 pct for FY22, inflation at 5.4 pct for Q4FY21

LATEST NEWS

Listing facilitation! Ahead of LIC IPO, authorised capital boost of Rs 25,000 crores - All you need to know

Announcement LIVE: IIT JEE Main 2021 Result February - Date, time, declaration on NTA website direct link jeemain.nta.nic.in, download answer key, score checking and more

Rakesh Jhunjhunwala stocks: This Big Bull-owned MULTIBAGGER has delivered more than 42 pct in less than two month

Life Insurance Coverage Calculator: Simple cover calculation in just 3 steps - EXPLAINED

REVEALED! What gave a massive 400% jump to FDI in computer software, hardware during Apr-Dec 2020

Andhra Pradesh trade body to promote IP rights, registration for MSMEs

US continues to see drop in new Covid cases

Facebook removes 1,521 malicious accounts in Feb

West Bengal Elections: PM Narendra Modi launches blistering attack on Mamata Banerjee - Top quotes

Super hi-tech driverless pod taxis for Noida Aiport! Check Yogi Adityanath government's big plans for Jewar

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved