Economics

Trump Gets Chance for Tax Cut Moving Trademarks to Delaware

  • More than 110 trademarks assigned to new company, records show
  • ‘It’s sort of too complicated to explain,’ lawyer says

Why Trump Moved Some Trademarks to Delaware

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As Donald Trump prepared for the Republican primaries, he transferred dozens of his most prized assets, the “Trump” trademarks that adorn everything from hotels to ties to his U.S. golf courses, into a new Delaware-based company -- a move that offers him a chance to cut his income-tax bills.

By shifting more than 110 registered or pending trademarks to Delaware, Trump consolidated them in a state that doesn’t tax income from royalties on intellectual property. Among the trademarks he moved are his own name and those of some of his best-known properties, including “Trump National Golf Club,” “Trump Tower” and “Mar-a-Lago,” his private club in Palm Beach, Florida, according to from the U.S. Patent and Trademark Office.