How Trump's IRS settlement could block tax audits of him, his family and their businesses
Summary
The US Department of Justice has announced a settlement with former President Donald Trump that blocks the IRS from reviewing tax filings made by him, his family, and their businesses. The settlement, which includes an addendum ending any possible pending audits, has been criticized by lawmakers and legal experts who argue it violates federal law. The justice department, however, describes the addendum as a customary waiver used in legal settlements. The agreement also includes a $1.776bn "Anti-Weaponization Fund" to pay claims from those who suffered under "weaponisation and lawfare." Critics have called the fund a "slush fund" and have introduced legislation to ban its use.
(Source:The Bbc)