T he most famous of these addresses, located just down the road at 335 South Church St., is Ugland House, a five-story office building that is home - physically - to law firm Maples and Calder, and - on paper - nearly 19,000 companies. The vast majority of these companies are legally prohibited from doing business in the Caymans themselves.

Walker House is just one of a number of addresses in downtown George Town used by corporations, including Coca-Cola, Oracle, and Intel, to minimize taxes or cut out the red tape in international transactions. Once again, the reporting noted that РІР‚Сљabout halfРІР‚Сњ of the 19,000 companies have billing addresses in the United States: In that brief mention, the original article said that РІР‚Сљabout halfРІР‚Сњ of the 12,748 companies using the address as of 2004 РІР‚Сљhave a billing address in the United States.РІР‚Сњ A January 2012 article, РІР‚СљHouse of 19,000 Corporations,РІР‚Сњ reported on the figures in the context of that yearРІР‚в„ўs general election, incumbent United States President Barack Obama, and Sen. About half of the companies with Cayman addresses have a billing address in the United States, according to the GAO. In 2004, the building served as home to 12,748 companies using the same address in the Caymans, a British crown colony 240 kilometres south of Cuba. The Cayman Island law firm, which provides services for the corporations that use its address, has incorporated more than 6,000 new companies over the past five years. Altria, Tyco, Coke and Oracle still have subsidiaries in the Caymans, according to their most recent SEC filings.Р”Р„t least 10 of the 30 companies listed in the Dow Jones Industrial Average have had units with addresses in the Caymans. publicly traded companies that had at least one significant subsidiary in the Cayman Islands as of November, 2007, according to the U.S. One was a aggregated Bloomberg item, in which the figure of 18,857 appeared in the headline but not the body: One five-story building in the Cayman Islands РІР‚вЂњ 18,857 head offices So old was the figure in fact that many early iterations referencing 18,857 companies in a single building in the Cayman Islands were archived links. However, a search indicated the figure had not only been around a lot, but that it went back for years.

Neither the meme nor the tweet included a source for that highly specific figure of 18,857 companies purportedly headquartered in РІР‚Сљa modest five-story buildingРІР‚Сњ offshore in the Cayman Islands. In the Cayman Islands, there is a modest five-story building that is home to 18,857 companies.Р”В®ither this is one very crowded building, or it is a phony address, used by 18,000-plus corporations for one purpose: to avoid paying taxes to the United States of America. Text on the meme attributed its creation to РІР‚СљRo Khanna Democrat for Congress,РІР‚Сњ and the wording was almost identical to a Matweet by Sen. Advertisements On July 16 2021, an Imgur user shared a Bernie Sanders quote meme which alleged that a РІР‚Сљmodest buildingРІР‚Сњ in the Cayman Islands was the address for РІР‚Сљ18,857 companiesРІР‚Сњ:

Building estimate cayman islands