Page 416 - Special Topic Session (STS) - Volume 3

STS552 Carol C. Bertaut et al.
Figures: U.S. Cross-border Portfolio Holdings

Source: Authors’ estimates based on Treasury International Capital data
(https://www.treasury.gov/resource-center/data-chart-
center/tic/Pages/fpis.aspx#usclaims).

Offshore and low-tax countries include Bermuda, the British Virgin Islands,
the Cayman Islands, Curaҫao (Netherlands Antilles until 2013), Guernsey,
Ireland, Isle of Man, Jersey, Liberia, Luxembourg, the Netherlands, Malta, the
Marshall Islands, Mauritius, Panama, and Switzerland.

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