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