03:12 GMT09 August 2020
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    US Treasury Secretary Steve Mnuchin told House Ways and Means Committee Chairman Richard Neal on Wednesday that the Treasury needs more time to decide whether to provide US President Donald Trump’s tax returns, missing a Wednesday deadline set by a House of Representatives committee, Reuters reported.

    In a letter to Neal, cited by Reuters, Mnuchin said, "The legal implications of this request could affect protections for all Americans against politically-motivated disclosures of personal tax information, regardless of which party is in power".

    READ MORE: US House Ways and Means Committee Requests Trump's Tax Returns From IRS

    Neal has formally requested six years of Trump’s tax details from the Internal Revenue Service (IRS). Neal has also requested that the IRS provide tax records for several entities tied to the president, including Trump National Golf Club-Bedminster. The chairman has further requested information tied to any audits Trump or said entities may have undergone.

    US House Speaker Nancy Pelosi previously suggested that Trump was hiding something from tax officers, claiming no US president in the modern era had worked so diligently to keep their finances out of the public eye.

    Trump told reporters last week at the White House that despite what people have said, he is currently under audit by US tax authorities. "I'm always under audit, it seems, but I've been under audit for many years because the numbers are big, and I guess when you have a name, you're audited", Trump said when asked about Neal's request.

    Trump added that he is not "inclined" to publicly release any tax returns until the day he is no longer under audit.

    READ MORE: Trump Has 'No Intention' to Release Personal Tax Returns — US Treasury Secretary

    However, White House acting Chief of Staff Mick Mulvaney vowed on Sunday that Democrats in Congress would never see Trump’s tax returns.

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    Tags:
    tax returns, US Treasury, Steven Mnuchin, Donald Trump, United States
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