Corporation Trust Center (CT Corporation)

Corporation Trust Center (CT Corporation), 1209 North Orange Street, Wilmington, DE 19801-1120

The Corporation Trust Center, 1209 North Orange Street, is a single-story building located in the Brandywine neighborhood of Wilmington, Delaware, USA, operated by CT Corporation. This is CT Corporation's location in the state of Delaware for providing "registered agent services″.[1] In 2012 it was the legal address of no fewer than 285,000 separate businesses.[2]

Companies have offices in Delaware due to its desirable corporate taxes and law, and it is estimated that 9 billion dollars of potential taxes is lost over the past decade, due to the Delaware loophole.[3] Offices are usually held in the state to avoid the high franchise fees associated with registering the company in Delaware and operating the corporation outside the state.[4] Notable companies that hold offices at this location include Google, American Airlines, Apple Inc, General Motors, Coca-Cola, Kentucky Fried Chicken, Verizon Internet Services, and Deutsche Bank with about 430 of their more than 2,000 subsidiary companies and special purpose companies.[5][6] Hillary Clinton and Donald Trump, both leading candidates in the United States presidential election, 2016, have registered companies at the center. [7]

See also

References

  1. ↑ http://ct.wolterskluwer.com/ctcorporation
  2. ↑ Leslie Waynejune: How Delaware Thrives as a Corporate Tax Haven, The New York Times, June 30, 2012
  3. ↑ Neate, Rupert (2016-04-25). "Trump and Clinton share Delaware tax 'loophole' address with 285,000 firms". The Guardian. ISSN 0261-3077. Retrieved 2016-04-25.
  4. ↑ http://corp.delaware.gov/frtaxcalc.shtml
  5. ↑ http://www.guardian.co.uk/business/2009/apr/10/tax-havens-blacklist-us-delaware
  6. ↑ http://www.daserste.de/plusminus/beitrag_dyn~uid,g14yuwn57c79vi7q~cm.asp
  7. ↑ Neate, Rupert (2016-04-25). "Trump and Clinton share Delaware tax 'loophole' address with 285,000 firms". The Guardian. ISSN 0261-3077. Retrieved 2016-04-25.

See also

External links

Coordinates: 39°44′54″N 75°32′52″W / 39.74847°N 75.54764°W / 39.74847; -75.54764


This article is issued from Wikipedia - version of the Friday, April 29, 2016. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.