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 Trump Former US ambassador: 'Denmark is not a big fan of Donald Trump and his politics' Senate Democrats push for arms control language in defense policy bill Detroit county sheriff endorses Booker for president 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.


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 ClintonThe Memo: Polls flash warning signs for Trump Polls suggest Sanders may be underestimated 10 declassified Russia collusion revelations that could rock Washington this fall 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.