A timeline of Trump's finances
September 28, 2020 -
An investigation by The New York Times claims to show a detailed history of President Trump’s business dealings, revealing huge losses.
The New York Times says it has reviewed tax returns relating to President Trump and companies owned by the Trump Organization going back to the 1990s.
The newspaper alleges the president paid just $750 in income tax in 2016 and 2017, the year he ran for office, and no income tax at all in 10 of the previous 15 years, largely because he reported losing more money than he made.
Donald Trump calls the report "fake news".
Trump has faced legal issues for refusing to share documents pertaining to his fortune and business, and is the first president since the 1970s not to make his tax returns public, although he is not required to by law.
The NYT says the information analysed in the story was provided by sources with legal access to it.
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