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It's very obvious what he is hiding.
He hasn't done anything illegal, but he's spent his entire life playing a shell game with the IRS trying to pay as little taxes as problem. Nothing wrong with that, but it's going to look horrible in the public eye.
Imagine having a detailed record of Trump's taxes. Take Trump University as an example. Trump made $X from it, but he is constantly being dragged into court over it. Stuff like this will be nearly unlimited ammo for his haters.
Also, he is most likely trying to make it look like he is worth a lot less than he claims he is in public. Seeing his tax records would make him look like he makes less or is worth less than he claims, making him look like a liar.
My guess is he'll have to release his tax forms. All Hillary will need to say is "What is he hiding by not releasing his tax forms" a few times, and it will make him look like he is hiding something.
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