Offshore Shell Games 2015 | CTJReports - Citizens for Tax Justice

 

Offshore Shell Games 2015 October 5, 2015 03:12 PM

 

The Use of Offshore Tax Havens by Fortune 500 Companies

 

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Executive Summary

Introduction

Most of Americas Largest Corporations Maintain Subsidiaries in Offshore Tax Havens

Cash Booked Offshore for Tax Purposes by U.S. Multinationals Doubled between 2008 and 2013

Evidence Indicates Much of Offshore Profits are Booked to Tax Havens

Most of Americas largest corporations maintain subsidiaries in offshore tax havens. At least 358 companies, nearly 72 percent of the Fortune 500, operate subsidiaries in tax haven jurisdictions as of the end of 2014.

 

-All told, these 358 companies maintain at least 7,622 tax haven subsidiaries.

 

-The 30 companies with the most money officially booked offshore for tax purposes collectively operate 1,225 tax haven subsidiaries.

 

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