| > US tax authorities will be barred from pursuing claims against Donald Trump, his eldest sons and the Trump Organization under an agreement to halt the president’s $10bn lawsuit against the Internal Revenue Service. > The pledge by the Department of Justice on Tuesday came a day after Trump agreed to settle his lawsuit against the IRS in exchange for the US government launching a $1.8bn fund for victims of alleged “lawfare”. > A DoJ spokesperson told the FT that the decision to bar the IRS from pursuing claims against Trump was “only with respect to any existing audits”.
“There would be little point in settling several significant claims if either party could simply turn around and seek to initiate more adverse claims that could have been pursued previously,” added the spokesperson.
> Danny Werfel, an IRS commissioner under former president Joe Biden, noted, however, that he was “unaware of a single precedent where the IRS has agreed in advance to permanently forgo examination of previously filed tax returns for a specific person or business”. First, what legal mistake did the IRS make that put them $1.8B to $10B in the wrong? Second the article title is sensationalized and embellished. The article mentions only an exemption from past tax returns —- which have already been thoroughly examined with a fine toothed comb prior to Election Day. During Presidential election season, this was healthy journalism because it helped make more informed voters, but at this point it’s just unhealthy harassment over a past settled case. If there was something to find, it would’ve already been found by now. Unless there’s something new, leave bro alone so he can do the job America democratically and dutifully elected him to do. |