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I think it is because it will show a cozy financial relationship with Russia as evidenced by Trump's efforts to make sure the GOP platform did not include support for the Russian-invaded Ukraine. Gotta keep Putin happy, you know.
Other possibilites are that Trump is not anywhere near as rich as he claims--note he has has received tax credits that are intended to go to middle-class Americans.
Maybe because if the returns are public, business associates of his will realize that he is under-reporting (or over-reporting in the case of expenses) to commit fraud and will blow the whistle on him.
Perhaps the contractors he has stiffed through his bankruptcy proceedings will spy some assets they could go after.
I just hope he decides to show some "transparency" on this soon.
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