PFIZER INC

Jurisdiction Analysis - Where are the 283 subsidiaries incorporated?

283

Total Subsidiaries

Unique Jurisdictions

High-Risk Tax Havens

50.9%

In Low-Tax Jurisdictions

Subsidiaries by Jurisdiction

DelawareLow-Tax

8831.1%

NetherlandsLow-Tax

217.4%

United Kingdom

134.6%

IrelandLow-Tax

103.5%

SingaporeLow-Tax

103.5%

Australia

93.2%

Brazil

72.5%

LuxembourgLow-Tax

62.1%

China

62.1%

Belgium

51.8%

Germany

41.4%

Pennsylvania

31.1%

Portugal

31.1%

Canada

31.1%

Spain

31.1%

France

31.1%

Sweden

31.1%

SwitzerlandLow-Tax

31.1%

Japan

31.1%

India

31.1%

Italy

31.1%

Saudi Arabia

31.1%

California

20.7%

Philippines

20.7%

Croatia

20.7%

Michigan

20.7%

Egypt

20.7%

Ecuador

20.7%

Austria

20.7%

PanamaTax Haven

20.7%

New York

20.7%

People’s Republic of China

20.7%

Namibia

20.7%

Israel

20.7%

Pakistan

20.7%

Tunisia

20.7%

Poland

20.7%

Costa Rica

20.7%

Mexico

20.7%

British Virgin IslandsTax Haven

10.4%

Vermont

10.4%

Wisconsin

10.4%

Morocco

10.4%

Tennessee

10.4%

Puerto Rico

10.4%

Vietnam

10.4%

Indonesia

10.4%

Malaysia

10.4%

Thailand

10.4%

Norway

10.4%

Denmark

10.4%

Bolivia

10.4%

Chile

10.4%

Hong KongTax Haven

10.4%

Greece

10.4%

Russia

10.4%

Kazakhstan

10.4%

South Africa

10.4%

Kenya

10.4%

Taiwan

10.4%

New Zealand

10.4%

Finland

10.4%

Turkey

10.4%

HungaryLow-Tax

10.4%

Republic of Korea

10.4%

Connecticut

10.4%

Romania

10.4%

Peru

10.4%

Colombia

10.4%

Argentina

10.4%

Serbia

10.4%

Nigeria

10.4%

Venezuela

10.4%

WyomingLow-Tax

10.4%

Uruguay

10.4%

Maine

10.4%

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

Back to PFIZER INC

PFIZER INC

Jurisdiction Analysis - Where are the 283 subsidiaries incorporated?

283

Total Subsidiaries

Unique Jurisdictions

High-Risk Tax Havens

50.9%

In Low-Tax Jurisdictions

Subsidiaries by Jurisdiction

DelawareLow-Tax

8831.1%

NetherlandsLow-Tax

217.4%

United Kingdom

134.6%

IrelandLow-Tax

103.5%

SingaporeLow-Tax

103.5%

Australia

93.2%

Brazil

72.5%

LuxembourgLow-Tax

62.1%

China

62.1%

Belgium

51.8%

Germany

41.4%

Pennsylvania

31.1%

Portugal

31.1%

Canada

31.1%

Spain

31.1%

France

31.1%

Sweden

31.1%

SwitzerlandLow-Tax

31.1%

Japan

31.1%

India

31.1%

Italy

31.1%

Saudi Arabia

31.1%

California

20.7%

Philippines

20.7%

Croatia

20.7%

Michigan

20.7%

Egypt

20.7%

Ecuador

20.7%

Austria

20.7%

PanamaTax Haven

20.7%

New York

20.7%

People’s Republic of China

20.7%

Namibia

20.7%

Israel

20.7%

Pakistan

20.7%

Tunisia

20.7%

Poland

20.7%

Costa Rica

20.7%

Mexico

20.7%

British Virgin IslandsTax Haven

10.4%

Vermont

10.4%

Wisconsin

10.4%

Morocco

10.4%

Tennessee

10.4%

Puerto Rico

10.4%

Vietnam

10.4%

Indonesia

10.4%

Malaysia

10.4%

Thailand

10.4%

Norway

10.4%

Denmark

10.4%

Bolivia

10.4%

Chile

10.4%

Hong KongTax Haven

10.4%

Greece

10.4%

Russia

10.4%

Kazakhstan

10.4%

South Africa

10.4%

Kenya

10.4%

Taiwan

10.4%

New Zealand

10.4%

Finland

10.4%

Turkey

10.4%

HungaryLow-Tax

10.4%

Republic of Korea

10.4%

Connecticut

10.4%

Romania

10.4%

Peru

10.4%

Colombia

10.4%

Argentina

10.4%

Serbia

10.4%

Nigeria

10.4%

Venezuela

10.4%

WyomingLow-Tax

10.4%

Uruguay

10.4%

Maine

10.4%

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