Lawyers for President Trump have released a letter asserting that the past 10 years of Trump's federal tax returns don't show any income from Russian sources, "with a few exceptions".
President Donald Trump had earleri said that he might release his tax returns once his tenure ends. Lindsey Graham, who sits on the Senate Judiciary Committee, which is investigating Russian interference in the US presidential election.
Lindsey GrahamLindsey GrahamAn ode to imports - the critically undervalued side of trade Trump lawyers: Tax returns show no income from Russian Federation with few exceptions GOP senators pitch Merrick Garland for Federal Bureau of Investigation director MORE (R-S.C.), as White House press secretary Sean Spicer stated at Tuesday's press briefing. It specified that the only major exceptions were a Miss Universe pageant held in Moscow in 2013 that generated $12.2 million in foreign income, most of it from Russia, and the 2008 sale of an estate in Florida to a Russian billionaire for $95 million.
The letter reveals that in addition to the two transactions, Trump received "immaterial" payments over 10 years from Russians for the "ordinary course sales of goods and services", such as hotel rooms, rounds of golf, or Trump-licensed products, like wine, ties or mattresses.
The letter from the lawyers, he said, "is silent on indirect investment, which is the conventional way to make these sorts of investments".
On Tuesday, White House press secretary Sean Spicer told reporters that Trump had "charged a leading law firm" to send a letter to Graham showing that "he has no connections to Russian Federation". Lindsey Graham, R-S.C, asserting the president had no business interests in Russian Federation. They explained that because of the way that Trump operates his businesses, his corporate income and debt would be disclosed on his personal tax returns. At a real estate conference in 2008, Donald Trump Jr. bragged that they had a stream of Russian money "pouring in" to Trump businesses.
In addition, the returns show no Russian investments in Trump's businesses or any investment by Trump or the entities he controls in Russian businesses, the lawyers said. Her law firm was honored by Chambers & Partners' 2016 Chambers Europe guide as Russia Law Firm of the Year.