Locating Holding Companies
Locating a holding company in a tax haven can be used to bring together investors from various countries who are investing in businesses that are in turn operating in numerous countries. This creates a single point through which all business operations and investors can be co-ordinated without the imposition of significant compliance costs or additional taxes.
PepsiCo, is one of 500 multinational companies that have their holding company based in Denmark (which is a tax haven for holding companies). PepsiCo (headquartered in New York, US) has sales of US$63 billion, 269,000 employees, and operates in 195 countries. The company has a market capitalisation of US$160 billion and over 200,000 shareholders (including employees under the employee share plan).
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"You’d be stupid not to try to cut your tax bill and those that don’t are stupid in business"
- Bono: U2