A growing fraction of profits are
artificially shifted to tax havens
Share of tax havens in the profits
made by US multinationals abroad
60
Ireland
50
Neth.
40
30
Lux.
20
Switz.
Bermuda&
Caribbean
10
0
Singapore
82
86
90
94
98
02
06
10
14
16
Guardian graphic | Source: Gabriel Zucman
A growing fraction of profits are artificially shifted to tax havens
Share of tax havens in the profits made by US multinationals abroad
60
Ireland
50
Netherlands
40
30
Luxembourg
20
Switzerland
Bermuda and
other Caribbean
10
0
Singapore
1982
84
86
88
90
92
94
96
98
00
02
04
06
08
10
12
14
16
Guardian graphic | Source: Gabriel Zucman