{"id":12332,"date":"2011-10-11T06:35:15","date_gmt":"2011-10-11T05:35:15","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=12332"},"modified":"2011-10-11T06:36:37","modified_gmt":"2011-10-11T05:36:37","slug":"the-tax-haven-subsidiaries-of-ftse-companies","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2011\/10\/11\/the-tax-haven-subsidiaries-of-ftse-companies\/","title":{"rendered":"The tax haven subsidiaries of FTSE companies"},"content":{"rendered":"

Action Aid has a new report out this morning<\/a> detailing\u00a0the tax haven subsidiaries of FTSE 100 companies, building on work first done here<\/a>. The full list is as follows (formatted by the Guardian<\/a>):<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n

Subsidiaries of the FTSE 100<\/h2>\n

 <\/p>\n<\/caption>\n

\n
FTSE100 company<\/div>\n<\/th>\n
\n
Sector<\/div>\n<\/th>\n
\n
Total number of offshore companies<\/div>\n<\/th>\n
\n
Number of companies in tax havens<\/div>\n<\/th>\n
\n
% of companies in tax havens<\/div>\n<\/th>\n<\/tr>\n<\/thead>\n
\n
\n
\n

The composition of the FTSE100 changes regularly. This data is based on the index as it was composed on 26 July 2011. Since that date, two groups have been replaced in the official index.<\/p>\n<\/div>\n

Source: ActionAid UK 2011<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tfoot>\n
3I GROUP<\/td>\nINVESTMENT & FINANCE<\/td>\n124<\/td>\n25<\/td>\n20.16%<\/td>\n<\/tr>\n
ADMIRAL GROUP<\/td>\nINSURANCE<\/td>\n20<\/td>\n2<\/td>\n10.00%<\/td>\n<\/tr>\n
AGGREKO<\/td>\nSUPPORT SERVICES<\/td>\n56<\/td>\n14<\/td>\n25.00%<\/td>\n<\/tr>\n
AMEC<\/td>\nOIL & GAS<\/td>\n123<\/td>\n25<\/td>\n20.33%<\/td>\n<\/tr>\n
ANGLO AMERICAN<\/td>\nMINING<\/td>\n833<\/td>\n201<\/td>\n24.13%<\/td>\n<\/tr>\n
ANTOFAGASTA<\/td>\nMINING<\/td>\n73<\/td>\n16<\/td>\n21.92%<\/td>\n<\/tr>\n
ARM HOLDINGS<\/td>\nMANUFACTURING<\/td>\n26<\/td>\n7<\/td>\n26.92%<\/td>\n<\/tr>\n
ASSOCIATED BRITISH FOODS<\/td>\nFOOD & DRINK<\/td>\n453<\/td>\n105<\/td>\n23.18%<\/td>\n<\/tr>\n
ASTRAZENECA<\/td>\nPHARMACEUTICAL & CHEMICAL<\/td>\n255<\/td>\n53<\/td>\n20.78%<\/td>\n<\/tr>\n
AUTONOMY CORPORATION<\/td>\nSOFTWARE<\/td>\n77<\/td>\n16<\/td>\n20.78%<\/td>\n<\/tr>\n
AVIVA<\/td>\nINSURANCE<\/td>\n374<\/td>\n83<\/td>\n22.19%<\/td>\n<\/tr>\n
BAE SYSTEMS<\/td>\nENGINEERING<\/td>\n509<\/td>\n122<\/td>\n23.97%<\/td>\n<\/tr>\n
BARCLAYS<\/td>\nBANKS<\/td>\n1,069<\/td>\n297<\/td>\n27.78%<\/td>\n<\/tr>\n
BG GROUP<\/td>\nOIL & GAS<\/td>\n300<\/td>\n62<\/td>\n20.67%<\/td>\n<\/tr>\n
BHP BILLITON<\/td>\nMINING<\/td>\n452<\/td>\n102<\/td>\n22.57%<\/td>\n<\/tr>\n
BP<\/td>\nOIL & GAS<\/td>\n1,568<\/td>\n556<\/td>\n35.46%<\/td>\n<\/tr>\n
BRITISH AMERICAN TOBACCO<\/td>\nTOBACCO<\/td>\n731<\/td>\n181<\/td>\n24.76%<\/td>\n<\/tr>\n
BRITISH SKY BROADCASTING GROUP<\/td>\nMEDIA<\/td>\n110<\/td>\n24<\/td>\n21.82%<\/td>\n<\/tr>\n
BT GROUP<\/td>\nUTILITIES<\/td>\n572<\/td>\n142<\/td>\n24.83%<\/td>\n<\/tr>\n
BURBERRY GROUP<\/td>\nRETAILERS<\/td>\n93<\/td>\n20<\/td>\n21.51%<\/td>\n<\/tr>\n
CAIRN ENERGY<\/td>\nOIL & GAS<\/td>\n80<\/td>\n17<\/td>\n21.25%<\/td>\n<\/tr>\n
CAPITAL SHOPPING CENTRES GROUP<\/td>\nREAL ESTATE<\/td>\n138<\/td>\n27<\/td>\n19.57%<\/td>\n<\/tr>\n
CARNIVAL<\/td>\nTRAVEL & LEISURE<\/td>\n85<\/td>\n17<\/td>\n20.00%<\/td>\n<\/tr>\n
CENTRICA<\/td>\nUTILITIES<\/td>\n268<\/td>\n62<\/td>\n23.13%<\/td>\n<\/tr>\n
COMPASS GROUP<\/td>\nSUPPORT SERVICES<\/td>\n597<\/td>\n144<\/td>\n24.12%<\/td>\n<\/tr>\n
DIAGEO<\/td>\nFOOD & DRINK<\/td>\n430<\/td>\n98<\/td>\n22.79%<\/td>\n<\/tr>\n
ESSAR ENERGY<\/td>\nOIL & GAS<\/td>\n51<\/td>\n10<\/td>\n19.61%<\/td>\n<\/tr>\n
EURASIAN NATURAL RESOURCES CORPORATION<\/td>\nMINING<\/td>\n163<\/td>\n28<\/td>\n17.18%<\/td>\n<\/tr>\n
EXPERIAN<\/td>\nSUPPORT SERVICES<\/td>\n20<\/td>\n7<\/td>\n35.00%<\/td>\n<\/tr>\n
FRESNILLO<\/td>\nMINING<\/td>\n14<\/td>\n0<\/td>\n0.00%<\/td>\n<\/tr>\n
G4S<\/td>\nSUPPORT SERVICES<\/td>\n737<\/td>\n184<\/td>\n24.97%<\/td>\n<\/tr>\n
GKN<\/td>\nENGINEERING<\/td>\n221<\/td>\n44<\/td>\n19.91%<\/td>\n<\/tr>\n
GLAXOSMITHKLINE<\/td>\nPHARMACEUTICAL & CHEMICAL<\/td>\n420<\/td>\n97<\/td>\n23.10%<\/td>\n<\/tr>\n
GLENCORE INTERNATIONAL<\/td>\nMINING<\/td>\n46<\/td>\n10<\/td>\n21.74%<\/td>\n<\/tr>\n
HAMMERSON<\/td>\nREAL ESTATE<\/td>\n250<\/td>\n50<\/td>\n20.00%<\/td>\n<\/tr>\n
HARGREAVES LANSDOWN<\/td>\nINVESTMENT & FINANCE<\/td>\n13<\/td>\n0<\/td>\n0.00%<\/td>\n<\/tr>\n
HSBC<\/td>\nBANKS<\/td>\n1,528<\/td>\n537<\/td>\n35.14%<\/td>\n<\/tr>\n
ICAP<\/td>\nINVESTMENT & FINANCE<\/td>\n264<\/td>\n59<\/td>\n22.35%<\/td>\n<\/tr>\n
IMI<\/td>\nENGINEERING<\/td>\n268<\/td>\n60<\/td>\n22.39%<\/td>\n<\/tr>\n
IMPERIAL TOBACCO GROUP<\/td>\nTOBACCO<\/td>\n388<\/td>\n92<\/td>\n23.71%<\/td>\n<\/tr>\n
INMARSAT<\/td>\nWIRELESS TELECOMMUNICATIONS SERVICES<\/td>\n72<\/td>\n16<\/td>\n22.22%<\/td>\n<\/tr>\n
INTERCONTINENTAL HOTELS GROUP<\/td>\nTRAVEL & LEISURE<\/td>\n254<\/td>\n53<\/td>\n20.87%<\/td>\n<\/tr>\n
INTERNATIONAL AIRLINES GROUP<\/td>\nTRAVEL & LEISURE<\/td>\n54<\/td>\n12<\/td>\n22.22%<\/td>\n<\/tr>\n
INTERNATIONAL POWER<\/td>\nUTILITIES<\/td>\n488<\/td>\n108<\/td>\n22.13%<\/td>\n<\/tr>\n
INTERTEK GROUP<\/td>\nSUPPORT SERVICES<\/td>\n203<\/td>\n38<\/td>\n18.72%<\/td>\n<\/tr>\n
INVESTEC<\/td>\nINVESTMENT & FINANCE<\/td>\n314<\/td>\n71<\/td>\n22.61%<\/td>\n<\/tr>\n
ITV<\/td>\nMEDIA<\/td>\n238<\/td>\n45<\/td>\n18.91%<\/td>\n<\/tr>\n
J SAINSBURY<\/td>\nRETAILERS<\/td>\n89<\/td>\n20<\/td>\n22.47%<\/td>\n<\/tr>\n
JOHN WOOD GROUP<\/td>\nOIL & GAS<\/td>\n30<\/td>\n7<\/td>\n23.33%<\/td>\n<\/tr>\n
JOHNSON MATTHEY<\/td>\nPHARMACEUTICAL & CHEMICAL<\/td>\n107<\/td>\n21<\/td>\n19.63%<\/td>\n<\/tr>\n
KAZAKHMYS<\/td>\nMINING<\/td>\n62<\/td>\n15<\/td>\n24.19%<\/td>\n<\/tr>\n
KINGFISHER<\/td>\nRETAILERS<\/td>\n187<\/td>\n31<\/td>\n16.58%<\/td>\n<\/tr>\n
LAND SECURITIES GROUP<\/td>\nREAL ESTATE<\/td>\n322<\/td>\n79<\/td>\n24.53%<\/td>\n<\/tr>\n
LEGAL & GENERAL GROUP<\/td>\nINSURANCE<\/td>\n186<\/td>\n30<\/td>\n16.13%<\/td>\n<\/tr>\n
LLOYDS BANKING GROUP<\/td>\nBANKS<\/td>\n1,525<\/td>\n455<\/td>\n29.84%<\/td>\n<\/tr>\n
LONMIN<\/td>\nMINING<\/td>\n62<\/td>\n14<\/td>\n22.58%<\/td>\n<\/tr>\n
MAN GROUP<\/td>\nINVESTMENT & FINANCE<\/td>\n127<\/td>\n26<\/td>\n20.47%<\/td>\n<\/tr>\n
MARKS AND SPENCER GROUP<\/td>\nRETAILERS<\/td>\n131<\/td>\n27<\/td>\n20.61%<\/td>\n<\/tr>\n
NATIONAL GRID<\/td>\nUTILITIES<\/td>\n309<\/td>\n68<\/td>\n22.01%<\/td>\n<\/tr>\n
NEXT<\/td>\nRETAILERS<\/td>\n46<\/td>\n9<\/td>\n19.57%<\/td>\n<\/tr>\n
OLD MUTUAL<\/td>\nINSURANCE<\/td>\n639<\/td>\n150<\/td>\n23.47%<\/td>\n<\/tr>\n
PEARSON<\/td>\nMEDIA<\/td>\n411<\/td>\n95<\/td>\n23.11%<\/td>\n<\/tr>\n
PETROFAC INC.<\/td>\nOIL & GAS<\/td>\n85<\/td>\n19<\/td>\n22.35%<\/td>\n<\/tr>\n
PRUDENTIAL<\/td>\nINSURANCE<\/td>\n543<\/td>\n136<\/td>\n25.05%<\/td>\n<\/tr>\n
RANDGOLD RESOURCES<\/td>\nMINING<\/td>\n38<\/td>\n8<\/td>\n21.05%<\/td>\n<\/tr>\n
RECKITT BENCKISER GROUP<\/td>\nHOUSEHOLD PRODUCTS<\/td>\n211<\/td>\n38<\/td>\n18.01%<\/td>\n<\/tr>\n
REED ELSEVIER GROUP<\/td>\nMEDIA<\/td>\n548<\/td>\n139<\/td>\n25.36%<\/td>\n<\/tr>\n
RESOLUTION<\/td>\nINSURANCE<\/td>\n20<\/td>\n4<\/td>\n20.00%<\/td>\n<\/tr>\n
REXAM<\/td>\nSUPPORT SERVICES<\/td>\n306<\/td>\n63<\/td>\n20.59%<\/td>\n<\/tr>\n
RIO TINTO<\/td>\nMINING<\/td>\n799<\/td>\n196<\/td>\n24.53%<\/td>\n<\/tr>\n
ROLLS-ROYCE GROUP<\/td>\nENGINEERING<\/td>\n323<\/td>\n79<\/td>\n24.46%<\/td>\n<\/tr>\n
ROYAL DUTCH SHELL<\/td>\nOIL & GAS<\/td>\n1,276<\/td>\n390<\/td>\n30.56%<\/td>\n<\/tr>\n
RSA INSURANCE GROUP<\/td>\nINSURANCE<\/td>\n220<\/td>\n43<\/td>\n19.55%<\/td>\n<\/tr>\n
SABMILLER<\/td>\nFOOD & DRINK<\/td>\n367<\/td>\n83<\/td>\n22.62%<\/td>\n<\/tr>\n
SCHRODERS<\/td>\nINVESTMENT & FINANCE<\/td>\n158<\/td>\n27<\/td>\n17.09%<\/td>\n<\/tr>\n
SCOTTISH AND SOUTHERN ENERGY<\/td>\nUTILITIES<\/td>\n247<\/td>\n48<\/td>\n19.43%<\/td>\n<\/tr>\n
SERCO GROUP<\/td>\nSUPPORT SERVICES<\/td>\n118<\/td>\n24<\/td>\n20.34%<\/td>\n<\/tr>\n
SEVERN TRENT<\/td>\nUTILITIES<\/td>\n100<\/td>\n20<\/td>\n20.00%<\/td>\n<\/tr>\n
SHIRE<\/td>\nPHARMACEUTICAL & CHEMICAL<\/td>\n102<\/td>\n20<\/td>\n19.61%<\/td>\n<\/tr>\n
SMITH & NEPHEW<\/td>\nMANUFACTURING<\/td>\n160<\/td>\n27<\/td>\n16.88%<\/td>\n<\/tr>\n
SMITHS GROUP<\/td>\nENGINEERING<\/td>\n261<\/td>\n55<\/td>\n21.07%<\/td>\n<\/tr>\n
STANDARD CHARTERED<\/td>\nBANKS<\/td>\n317<\/td>\n74<\/td>\n23.34%<\/td>\n<\/tr>\n
STANDARD LIFE<\/td>\nINSURANCE<\/td>\n190<\/td>\n34<\/td>\n17.89%<\/td>\n<\/tr>\n
TATE & LYLE<\/td>\nFOOD & DRINK<\/td>\n120<\/td>\n25<\/td>\n20.83%<\/td>\n<\/tr>\n
TESCO<\/td>\nRETAILERS<\/td>\n575<\/td>\n143<\/td>\n24.87%<\/td>\n<\/tr>\n
THE BRITISH LAND COMPANY<\/td>\nREAL ESTATE<\/td>\n675<\/td>\n171<\/td>\n25.33%<\/td>\n<\/tr>\n
THE CAPITA GROUP<\/td>\nSUPPORT SERVICES<\/td>\n359<\/td>\n80<\/td>\n22.28%<\/td>\n<\/tr>\n
THE ROYAL BANK OF SCOTLAND GROUP<\/td>\nBANKS<\/td>\n1,303<\/td>\n406<\/td>\n31.16%<\/td>\n<\/tr>\n
THE SAGE GROUP<\/td>\nSOFTWARE<\/td>\n180<\/td>\n30<\/td>\n16.67%<\/td>\n<\/tr>\n
THE WEIR GROUP<\/td>\nENGINEERING<\/td>\n194<\/td>\n35<\/td>\n18.04%<\/td>\n<\/tr>\n
TULLOW OIL<\/td>\nOIL & GAS<\/td>\n75<\/td>\n16<\/td>\n21.33%<\/td>\n<\/tr>\n
UNILEVER<\/td>\nHOUSEHOLD PRODUCTS<\/td>\n696<\/td>\n172<\/td>\n24.71%<\/td>\n<\/tr>\n
UNITED UTILITIES GROUP<\/td>\nUTILITIES<\/td>\n106<\/td>\n21<\/td>\n19.81%<\/td>\n<\/tr>\n
VEDANTA RESOURCES<\/td>\nMINING<\/td>\n62<\/td>\n16<\/td>\n25.81%<\/td>\n<\/tr>\n
VODAFONE GROUP<\/td>\nWIRELESS TELECOMMUNICATIONS SERVICES<\/td>\n387<\/td>\n90<\/td>\n23.26%<\/td>\n<\/tr>\n
WHITBREAD<\/td>\nTRAVEL & LEISURE<\/td>\n250<\/td>\n51<\/td>\n20.40%<\/td>\n<\/tr>\n
WM MORRISON SUPERMARKETS<\/td>\nRETAILERS<\/td>\n85<\/td>\n19<\/td>\n22.35%<\/td>\n<\/tr>\n
WOLSELEY<\/td>\nMANUFACTURING<\/td>\n41<\/td>\n9<\/td>\n21.95%<\/td>\n<\/tr>\n
WPP<\/td>\nMEDIA<\/td>\n2,686<\/td>\n611<\/td>\n22.75%<\/td>\n<\/tr>\n
XSTRATA<\/td>\nMINING<\/td>\n378<\/td>\n84<\/td>\n22.22%<\/td>\n<\/tr>\n
Totals<\/td>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Action Aid has a new report out this morning detailing\u00a0the tax haven subsidiaries of FTSE 100 companies, building on work first done here. The full
Read the full article…<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[80,32,97],"tags":[],"class_list":["post-12332","post","type-post","status-publish","format-standard","hentry","category-secrecy-jurisdictions","category-tax-havens","category-tax-justice"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/12332","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=12332"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/12332\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=12332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=12332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=12332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}