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Trump reached a tax settlement with the federal government, and the IRS is restricted from investigating his past audits, sparking controversy.

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ME News news, May 20 (UTC+8), U.S. Department of Justice documents show that Trump has reached an unusual settlement agreement with the federal government, terminating a $10 billion lawsuit he and his businesses had filed against the Internal Revenue Service (IRS) and further expanding related terms. The agreement stipulates that the IRS will be "permanently barred" from pursuing or continuing existing audits related to Trump, his businesses, and his family's previously filed tax returns. The Department of Justice stated that this restriction only applies to the scope of existing audits. At the same time, the U.S. government agreed to establish an "Anti-Weaponization Fund" worth $1.8 billion to compensate individuals or groups claiming to have been improperly treated during government investigations. Some Democratic lawmakers have criticized this arrangement as a "disguised transfer of benefits," and it has also sparked doubts within the Republican Party. A former IRS commissioner noted that there is no precedent for a tax agency permanently giving up the right to review the historical filings of specific individuals or businesses, emphasizing that tax enforcement principles should remain consistent for all taxpayers. The Senate indicated that there are still many unresolved issues regarding the agreement, which is expected to continue sparking political controversy and regulatory discussions. (Source: ChainCatcher)
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