Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
Calling the report "total fake news" at a White House news conference, Trump again cited an ongoing audit as his reason for not releasing his returns. In a statement to the Times, Alan Garten, a lawyer for the Trump Organization, said Trump had paid millions of dollars in personal taxes over the last decade, without weighing in on the specific finding of minimal income taxes.Trump's consistent refusal to release his taxes has been a departure from standard practice for presidential candidates. He is currently in a legal battle with New York City prosecutors and congressional Democrats who are seeking to obtain his returns.
The Times emphasized the documents reveal only what Trump told the government about his businesses, and did not disclose his true wealth.
The Times also reported that Trump was currently embroiled in a decade-long Internal Revenue Service audit over a $72.9 million tax refund he claimed after declaring large losses. If the IRS rules against him in that audit, he could have to pay over $100 million, according to the newspaper.
Pecker is a key witness in the case against the former US president, who is accused of falsifying business records to cover up hush-money payment
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