COMCAST CORP

Jurisdiction Analysis - Where are the 1488 subsidiaries incorporated?

1488

Total Subsidiaries

Unique Jurisdictions

High-Risk Tax Havens

59.7%

In Low-Tax Jurisdictions

Subsidiaries by Jurisdiction

DelawareLow-Tax

85657.5%

856

United Kingdom

17511.8%

175

Canada

654.4%

California

453.0%

Pennsylvania

392.6%

Australia

372.5%

Colorado

291.9%

New York

191.3%

Michigan

171.1%

Germany

161.1%

Florida

120.8%

Louisiana

100.7%

Illinois

100.7%

Italy

80.5%

New Zealand

70.5%

France

70.5%

Mexico

70.5%

Massachusetts

60.4%

Indiana

60.4%

Spain

60.4%

Maryland

50.3%

NetherlandsLow-Tax

50.3%

Brazil

50.3%

China

40.3%

IrelandLow-Tax

40.3%

SingaporeLow-Tax

40.3%

Virginia

40.3%

NevadaLow-Tax

40.3%

New JerseyTax Haven

40.3%

SwitzerlandLow-Tax

40.3%

Texas

30.2%

India

30.2%

Minnesota

30.2%

Mississippi

30.2%

Hong KongTax Haven

30.2%

Japan

30.2%

Austria

30.2%

Connecticut

20.1%

Alabama

20.1%

Rhode Island

20.1%

South Korea

20.1%

Georgia

20.1%

South Carolina

20.1%

WyomingLow-Tax

20.1%

Iowa

20.1%

Oregon

20.1%

Argentina

20.1%

Poland

20.1%

Russia

20.1%

Missouri

10.1%

Oklahoma

10.1%

Idaho

10.1%

Kansas

10.1%

Arizona

10.1%

New Hampshire

10.1%

Ohio

10.1%

District of Columbia

10.1%

Philippines

10.1%

South Africa

10.1%

Colombia

10.1%

Guatemala

10.1%

PanamaTax Haven

10.1%

Washington

10.1%

Costa Rica

10.1%

Vermont

10.1%

Kentucky

10.1%

Tennessee

10.1%

Belgium

10.1%

Denmark

10.1%

HungaryLow-Tax

10.1%

Sweden

10.1%

Puerto Rico

10.1%

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 COMCAST CORP

COMCAST CORP

Jurisdiction Analysis - Where are the 1488 subsidiaries incorporated?

1488

Total Subsidiaries

Unique Jurisdictions

High-Risk Tax Havens

59.7%

In Low-Tax Jurisdictions

Subsidiaries by Jurisdiction

DelawareLow-Tax

85657.5%

856

United Kingdom

17511.8%

175

Canada

654.4%

California

453.0%

Pennsylvania

392.6%

Australia

372.5%

Colorado

291.9%

New York

191.3%

Michigan

171.1%

Germany

161.1%

Florida

120.8%

Louisiana

100.7%

Illinois

100.7%

Italy

80.5%

New Zealand

70.5%

France

70.5%

Mexico

70.5%

Massachusetts

60.4%

Indiana

60.4%

Spain

60.4%

Maryland

50.3%

NetherlandsLow-Tax

50.3%

Brazil

50.3%

China

40.3%

IrelandLow-Tax

40.3%

SingaporeLow-Tax

40.3%

Virginia

40.3%

NevadaLow-Tax

40.3%

New JerseyTax Haven

40.3%

SwitzerlandLow-Tax

40.3%

Texas

30.2%

India

30.2%

Minnesota

30.2%

Mississippi

30.2%

Hong KongTax Haven

30.2%

Japan

30.2%

Austria

30.2%

Connecticut

20.1%

Alabama

20.1%

Rhode Island

20.1%

South Korea

20.1%

Georgia

20.1%

South Carolina

20.1%

WyomingLow-Tax

20.1%

Iowa

20.1%

Oregon

20.1%

Argentina

20.1%

Poland

20.1%

Russia

20.1%

Missouri

10.1%

Oklahoma

10.1%

Idaho

10.1%

Kansas

10.1%

Arizona

10.1%

New Hampshire

10.1%

Ohio

10.1%

District of Columbia

10.1%

Philippines

10.1%

South Africa

10.1%

Colombia

10.1%

Guatemala

10.1%

PanamaTax Haven

10.1%

Washington

10.1%

Costa Rica

10.1%

Vermont

10.1%

Kentucky

10.1%

Tennessee

10.1%

Belgium

10.1%

Denmark

10.1%

HungaryLow-Tax

10.1%

Sweden

10.1%

Puerto Rico

10.1%

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