NYT says Republican nominee, who has refused to release tax records, could have used $916m loss to cancel out taxable income

Donald Trump may have avoided paying federal income taxes in the US for up to 18 years after declaring a $916m (£166m) loss on his tax returns in the mid-1990s, according the reports.

The Republican presidential candidate, who has throughout his campaign for the White House refused to release his tax returns, is said to have received the large tax benefit from business debts recorded in 1995.

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