The top ten MNCs set up one-fifth of subsidiaries established in low-tax jurisdictions
Rank of top ten MNCs in low-tax jurisdictions by number of subsidiaries
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| Rank | Company | Primary industry | Count of subsidiaries |
|---|---|---|---|
| 1 | KKR & Co | Financial services | 279 |
| 2 | Hon Hai Precision Industry | Technology and communications | 264 |
| 3 | The Carlyle Group | Financial services | 243 |
| 4 | The Blackstone Group | Financial services | 235 |
| 5 | New World Development | Construction | 226 |
