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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