[Anchor]
The New York Times says U.S. President Donald Trump's tax records, which it has obtained, reveal chronic financial losses and years of tax avoidance.
Every American president since the 1970s has released their tax returns prior to being elected.
But Trump has fought to keep his private.
The BBC's Peter Bowes reports.
[Reporter]
The New York Times reports that Mr. Trump paid only 750 dollars in federal income taxes in the year that he won the presidency and another 750 during his first year in office.
He paid no income tax at all in 10 of the previous 15 years, according to the paper.
This, it said, was largely because he reported losing much more money than he made.
Speaking at a news conference at the White House, Mr. Trump said the paper's story was totally made up.
[Clip: Trump]
"It's totally fake news. It's made up, fake. We went through the same stories. You could've asked me the same questions four years ago. I had to litigate this and talk about it. Actually I paid tax and you'll see that as soon as my tax returns. It's under order. They've been under order for a long time. The IRS does not treat me well."
<Photo: Yonhap News>
