Bank | Fortune 500 rank | Number of subsidiaries in tax havens | Total offshore cash | Effective tax rate |
---|---|---|---|---|
JPMorgan Chase | 2121 | 44 | $31.1 billion31.1 | 12%12 |
Bank of America | 2323 | 2222 | $17.2 billion17.2 | 9%9 |
Citigroup | 2828 | 4141 | $43.80 billion43.8 | 9%9 |
Wells Fargo | 3030 | 9898 | $1.8 billion1.8 | 6%6 |
Goldman Sachs | 7676 | 2020 | $24.90 billion24.9 | 16%16 |
Morgan Stanley | 8282 | 210210 | $7.4 billion7.4 | 24%24 |