U.S. to permanently drop tax claims against Trump in broadening of IRS lawsuit settlement
The U.S. government will permanently drop tax claims against President Donald Trump as part of a settlement regarding his lawsuit against the IRS. This agreement bars any future examination or prosecution of Trump and his organization related to tax issues. Additionally, a new fund has been established to compensate individuals who believe they were unjustly targeted for prosecution, which has drawn criticism from Democrats and watchdogs.
- ▪The U.S. will no longer pursue tax claims against Trump as part of a settlement.
- ▪Trump will receive a formal apology from the government but no monetary compensation.
- ▪A new fund of nearly $1.8 billion has been created to compensate those who feel they were politically targeted.
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Open this photo in gallery:U.S. President Donald Trump speaks to the press aboard Air Force One following his official visit with President Xi Jinping in China on Friday.Evan Vucci/ReutersShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountThe U.S. government will permanently drop tax claims against President Donald Trump, according to a settlement document that is part of a deal to resolve Trump’s US$10-billion lawsuit against the Internal Revenue Service over the leak of his tax returns.As part of the settlement agreement, the U.S.
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