IRS Settles with Trump, Halting Tax Claims Amid Controversy
IRS will not pursue Trump for back taxes under settlement agreement
Image: France 24
The US Internal Revenue Service (IRS) will not pursue back taxes against former President Donald Trump, his family, or the Trump Organization under a settlement announced by the Justice Department. This agreement follows a lawsuit filed by Trump over leaked tax returns and includes the establishment of a $1.7 billion fund for his political allies claiming unfair prosecution.
- 01Trump, his sons Eric and Donald Jr., and the Trump Organization initially sought $10 billion in damages from the IRS due to leaked tax returns.
- 02A former IRS contractor was sentenced to five years in prison for leaking Trump's tax returns and those of other wealthy individuals.
- 03The settlement prohibits the IRS from pursuing any tax claims against Trump and his businesses that were pending as of May 18.
- 04The compensation fund, termed the 'Anti-Weaponisation Fund,' is criticized by Democrats as a means to reward Trump's allies with taxpayer money.
- 05Acting Attorney General Todd Blanche emphasized that the fund is open to anyone who believes they were unfairly targeted, not just Trump supporters.
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The US Internal Revenue Service (IRS) has agreed not to pursue any back tax claims against former President Donald Trump, his family, or the Trump Organization, as part of a settlement announced by the Justice Department. This decision follows a lawsuit filed by Trump and his sons, Eric and Donald Jr., in January, where they sought $10 billion in damages due to leaked tax returns. The leak was attributed to a former IRS contractor who pleaded guilty in 2023 and received a five-year prison sentence. In exchange for dropping the lawsuit, Trump secured the establishment of a $1.7 billion fund aimed at compensating political allies who claim they were unfairly prosecuted under the Biden administration. However, Trump himself is not eligible for compensation from this fund, which has faced criticism from Democrats, who label it a
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The settlement may influence how tax claims are handled against political figures and could set a precedent for future disputes involving the IRS and public officials.
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