Report shows Trump lost almost $1bn and may have paid no tax for 18 years

"I know our complex tax laws better than anyone who has ever run for president and am the only one who can fix them."

Report shows Trump lost almost $1bn and may have paid no tax for 18 years

Reports that Donald Trump may have paid no income taxes for nearly two decades show the Republican presidential nominee is a genius, his closest allies have said.

The Trump campaign came out fighting after a story in the New York Times that the tycoon lost nearly $916m in 1995 - so much that he could have legally avoided paying federal income taxes for as many as 18 years.

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