Subsidiaries by Jurisdiction
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