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CATERPILLAR INC

Jurisdiction Analysis - Where are the 416 subsidiaries incorporated?

416
Total Subsidiaries
83
Unique Jurisdictions
24
High-Risk Tax Havens
34.1%
In Low-Tax Jurisdictions

Subsidiaries by Jurisdiction

DelawareLow-Tax
7518.0%
75
China
327.7%
32
United Kingdom
256.0%
25
Mexico
245.8%
24
Canada
184.3%
18
Germany
174.1%
17
Japan
122.9%
12
SwitzerlandLow-Tax
102.4%
Australia
92.2%
LuxembourgLow-Tax
92.2%
SingaporeLow-Tax
92.2%
India
92.2%
Italy
81.9%
Hong KongTax Haven
71.7%
NetherlandsLow-Tax
71.7%
France
71.7%
Chile
71.7%
Indonesia
71.7%
Brazil
61.4%
South Africa
51.2%
Spain
51.2%
United Arab EmiratesTax Haven
51.2%
Illinois
41.0%
Belgium
41.0%
Russian Federation
41.0%
NevadaLow-Tax
41.0%
Malaysia
41.0%
Czechia
30.7%
Peru
30.7%
Thailand
30.7%
Kazakhstan
30.7%
IrelandLow-Tax
30.7%
Poland
30.7%
Missouri
30.7%
PanamaTax Haven
30.7%
Saudi Arabia
20.5%
New Zealand
20.5%
Argentina
20.5%
BermudaTax Haven
20.5%
Slovakia
20.5%
British Virgin IslandsTax Haven
20.5%
Colombia
20.5%
Texas
20.5%
Oman
20.5%
JerseyTax Haven
10.2%
Sri Lanka
10.2%
Ivory Coast
10.2%
Philippines
10.2%
Ukraine
10.2%
HungaryLow-Tax
10.2%
Ohio
10.2%
Tennessee
10.2%
Costa Rica
10.2%
Morocco
10.2%
Oklahoma
10.2%
Bangladesh
10.2%
Korea, Republic Of
10.2%
Sweden
10.2%
Georgia
10.2%
Kansas
10.2%
Romania
10.2%
Cayman IslandsTax Haven
10.2%
Rhode Island
10.2%
Colorado
10.2%
Austria
10.2%
DubaiTax Haven
10.2%
Maryland
10.2%
Alabama
10.2%
Nebraska
10.2%
BahamasTax Haven
10.2%
Brunei Darussalam
10.2%
Qatar
10.2%
Egypt
10.2%
Mauritania
10.2%
GuernseyTax Haven
10.2%
California
10.2%
Nigeria
10.2%
Trinidad & Tobago
10.2%
Gabon
10.2%
Dominican Republic
10.2%
Indiana
10.2%
Turkey
10.2%
Pakistan
10.2%

Understanding the Chart

  • • Bars show number of subsidiaries per jurisdiction
  • • Red = High-risk tax havens (Cayman Islands, Luxembourg, etc.)
  • • Yellow = Moderate tax jurisdictions (Singapore, Hong Kong, etc.)
  • • Blue = Standard jurisdictions

Why This Matters

  • • Companies choose jurisdictions strategically for tax optimization
  • • High concentration in tax havens may indicate aggressive tax planning
  • • Helps investors understand corporate tax strategy
  • • Data sourced from SEC 10-K Exhibit 21 filings

Corporate Family Tree

Explore corporate subsidiaries from SEC 10-K Exhibit 21 filings.

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