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Table 8 “Holding and conduit” companies of top three jurisdictions

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

The United States

The United Kingdom

China

NL

12%

GB

11%

HK

12%

US

12%

NL

9%

CN

9%

GB

9%

DE

9%

VG

9%

DE

7%

US

8%

KY

8%

ES

7%

ES

6%

US

8%

  1. NL is the Netherlands; GB is the UK; DE is Germany; ES is Spain; HK is Hong Kong; CN is mainland China; VG is the British Virgin Islands; and KY is the Cayman Islands