BankFortune 500 rankNumber of subsidiaries in tax havensTotal offshore cashEffective tax rate
JPMorgan Chase212144$31.1 billion31.112%12
Bank of America23232222$17.2 billion17.29%9
Citigroup28284141$43.80 billion43.89%9
Wells Fargo30309898$1.8 billion1.86%6
Goldman Sachs76762020$24.90 billion24.916%16
Morgan Stanley8282210210$7.4 billion7.424%24

Total effective tax rate includes taxes paid in jurisdictions not considered tax havens.