US-controlled companies are among many global firms and wealthy individuals (including 612 Indians) around the world who park their profits in well-known tax havens. Money from the US controlled companies alone is often several times more than the GDP of these tiny nations.
Profits for US MNCs as a % of local GDP
British Virgin Islands
An investigative report titled Tax Havens: International Tax Avoidance and Evasion brought out by the US Congressional Research Service in January 2013
(This story appears in the 03 May, 2013 issue of Forbes India. To visit our Archives, click here.)