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Deutsche Bank throws curve into Trump tax return fight | TheHill

posted onSeptember 2, 2019
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Article snippet: Deutsche Bank's revelation that it has some tax returns related to MORE has thrown a curve ball into the battle over the president’s financial documents. The bank has long been seen as a possible avenue to learn more about Trump's finances since it provided loans to his businesses for many years, even when other banks would not. Deutsche Bank’s disclosure that it has tax returns confirms that Democrats have an additional route — one some experts think is the most promising — to get tax documents that lawmakers in the party have long sought. “It shouldn’t take three years and multiple court cases to see a president’s tax returns,” Ryan Thomas, spokesman for the liberal group Stand Up America, said in an email. “But with the several lawsuits underway, these latest developments are a promising avenue to ensure that the American people get the transparency they deserve.” The House Financial Services and Intelligence committees issued subpoenas to Deutsche Bank in April for a wide range of financial records — including tax returns — from Trump, his three oldest children and some of his business entities. Trump, in his personal capacity, has sued to block the bank from complying with the subpoenas, and the case is currently before the federal appeals court in New York. In a letter to the appeals court on Tuesday, the bank said it has tax returns responsive to the subpoenas. The bank redacted the name or names of the individuals and entities whose tax returns it has in ... Link to the full article to read more

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