Trump to get tax benefit from moving trademarks to Delaware: report

Trump to get tax benefit from moving trademarks to Delaware: report
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Donald TrumpDonald John TrumpTrump says he will 'temporarily hold off' on declaring Mexican drug cartels as terror organization House Judiciary Committee formally receives impeachment report Artist behind gold toilet offered to Trump sells banana duct-taped to a wall for 0,000 MORE moved more than 110 registered or pending trademarks to Delaware in January, which could help him to lower his taxes, Bloomberg reported Tuesday.

The presumptive Republican presidential nominee moved trademarks — including those for his own name, "Trump Tower" and "Mar-a-Lago" — from his personal ownership to Delaware-based company DTTM Operations LLC.

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Bloomberg cited U.S. Patent and Trademark Office records. A Trump Organization official declined to tell the news outlet why Trump moved the trademarks into the Delaware company.

Delaware does not tax income on trademark royalties.

Trump has refused to release his tax returns so far, saying that he will only do so once the IRS is done auditing him. But he has said that he aims to pay as little tax as possible.

The IRS has said that there's nothing that prevents taxpayers from releasing their own returns, including audits.

Democratic presidential front-runner Hillary ClintonHillary Diane Rodham ClintonYang expands campaign with senior hires for digital operations Top GOP legislator in California leaves party GOP senators request interview with former DNC contractor to probe possible Ukraine ties MORE also has a company based in Delaware, which manages her income from books and speeches. A Clinton spokesperson told The Gaurdian in April that she didn't save money on taxes by having this company.