Offshore Shell Games

The Use of Offshore Tax Havens by Fortune 500 Companies

In 2016, 73 percent of Fortune 500 companies – including 37 headquartered in Texas- maintained subsidiaries in offshore tax havens, according to “Offshore Shell Games,” released today by TexPIRG Education Fund and the Institute on Taxation and Economic Policy. Collectively, multinationals reported booking $2.6 trillion offshore, with just 30 companies accounting for 68 percent of this total, and just four companies accounting for a quarter of the total.

Report

TexPIRG Education Fund