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Table 6 Top five locations of the headquarters holding the key companies

From: Identification of key companies for international profit shifting in the Global Ownership Network

Holding

Holding & Conduit

Conduit

US

27%

US

30%

US

27%

GB

13%

GB

19%

GB

16%

JP

11%

CN

9%

CN

13%

DE

11%

DE

8%

DE

10%

CN

8%

JP

7%

JP

8%

  1. GB is the UK; JP is Japan; DE is Germany; and CN is mainland China