New Delhi, May 18 -- US President Donald Trump has moved to withdraw his $10 billion lawsuit against the Internal Revenue Service over the leak of his confidential tax returns.

The move comes amid reports that the Trump administration is considering the creation of a multibillion-dollar compensation fund for some of the president's allies who claim they were unfairly investigated or prosecuted during the previous administration.

Trump filed the lawsuit in federal court in Florida, accusing the IRS of failing to protect confidential tax information belonging to him, the Trump Organization and members of his family.

The lawsuit alleged that the leak of his tax records caused:

-"Reputational and financial harm"

-Public embarrassment

-D...