More than 285,000 companies are headquartered at 1209 North Orange St. in Wilmington, Delaware. Technically, anyway: Big corporations — including Apple and Walmart — register in Delaware so they can legally save on taxes for non-physical income earned in other states.
Among the slew of people taking advantage of the so-called loophole are none other than Donald Trump and Hillary Clinton, The Guardian reports. After stepping down as secretary of state, Clinton set up ZFS Holdings to manage her book and speaking income. Trump, meanwhile, has 378 entities registered in Wilmington. Neither campaign has stated that the structure is set up to save money.
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