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PROCTER & GAMBLE Co

Jurisdiction Analysis - Where are the 241 subsidiaries incorporated?

241
Total Subsidiaries
79
Unique Jurisdictions
10
High-Risk Tax Havens
23.2%
In Low-Tax Jurisdictions

Subsidiaries by Jurisdiction

DelawareLow-Tax
2410.0%
24
Ohio
197.9%
19
China
166.6%
16
United Kingdom
156.2%
15
Germany
114.6%
11
SwitzerlandLow-Tax
83.3%
8
India
62.5%
6
NetherlandsLow-Tax
62.5%
6
France
62.5%
6
Poland
52.1%
5
United Arab EmiratesTax Haven
52.1%
5
Russia
41.7%
4
Spain
41.7%
4
Belgium
41.7%
4
Japan
41.7%
4
Philippines
41.7%
4
Egypt
41.7%
4
Venezuela
41.7%
4
Romania
31.2%
Australia
31.2%
HungaryLow-Tax
31.2%
Canada
31.2%
SingaporeLow-Tax
31.2%
Thailand
31.2%
Italy
31.2%
Brazil
31.2%
Mexico
31.2%
New JerseyTax Haven
20.8%
Pakistan
20.8%
Florida
20.8%
Peru
20.8%
South Africa
20.8%
Indonesia
20.8%
Czech Republic
20.8%
Hong KongTax Haven
20.8%
Vietnam
20.8%
Kazakhstan
20.8%
Korea
20.8%
Taiwan
20.8%
California
20.8%
Vermont
10.4%
Massachusetts
10.4%
Dominican Republic
10.4%
Ukraine
10.4%
Saudi Arabia
10.4%
Kenya
10.4%
Morocco
10.4%
Austria
10.4%
Israel
10.4%
Malaysia
10.4%
IrelandLow-Tax
10.4%
Algeria
10.4%
Azerbaijan
10.4%
Bangladesh
10.4%
Bulgaria
10.4%
Chile
10.4%
Colombia
10.4%
Puerto Rico
10.4%
Denmark
10.4%
Ecuador
10.4%
LuxembourgLow-Tax
10.4%
Finland
10.4%
Greece
10.4%
Honduras
10.4%
Costa Rica
10.4%
El Salvador
10.4%
Guatemala
10.4%
PanamaTax Haven
10.4%
Lebanon
10.4%
Nigeria
10.4%
Norway
10.4%
Portugal
10.4%
Sweden
10.4%
Turkey
10.4%
Croatia
10.4%
Serbia
10.4%
Slovak Republic
10.4%
Sri Lanka
10.4%
Minnesota
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

Corporate Family Tree

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

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