''[[The Wall Street Journal]]'' wrote that "Smartmatic scrapped a simple corporate structure" of being based in Boca Raton "for a far more complex arrangement" of being located in multiple locations following the Sequoia incident. Though Smartmatic has made differing statements saying that they were either American or Dutch based, the [[United States Department of State]] stated that its Venezuelan owners "remain hidden behind a web of holding companies in the Netherlands and Barbados". ''[[The New York Times]]'' states that "the role of the young Venezuelan engineers who founded Smartmatic has become less visible" and that its organization is "an elaborate web of offshore companies and foreign trusts", while [[BBC News]] states that though Smartmatic says the company was founded in the United States, "its roots are firmly anchored in (Venezuela)". Multiple sources simply state that Smartmatic is a Venezuelan company.<ref>{{cite news|last1=Tiglao|first1=Rigoberto D.|title=US Caracas Embassy: 'Smartmatic is a riddle'|url=http://www.manilatimes.net/us-caracas-embassy-smartmatic-is-a-riddle/232249/|accessdate=|work=The Manila Times|date=1 December 2015}}<br />{{cite book|title=Committee on Foreign Investment in the United States (CFIUS), One Year After Dubai Ports World: Congressional Hearing|date=7 February 2007|publisher=[[Committee on Foreign Investment in the United States]]|location=Washington, D.C.|isbn=978-1422320471|page=7<!--|accessdate=22 December 2016-->}}<br />{{cite news|last1=Uy|first1=Jocelyn R.|title=Smartmatic faces probe|url=http://newsinfo.inquirer.net/785566/smartmatic-faces-probe|accessdate=|work=Philippine Daily Inquirer|date=14 May 2016}}<br />Belgian Region's Decision to Use New Voting Machines Reignites E-voting Debate|url=http://www.cio.com/article/2391971/e-voting/belgian-region-s-decision-to-use-new-voting-machines-reignites-e-voting-debate.html|magazine=CIO magazine|date=2012-09-24</ref> Smartmatic maintains that the holding companies in multiple countries are used for "[[Tax avoidance|tax efficiency]]".<ref>{{cite news|url=http://articles.chicagotribune.com/2006-10-30/news/0610300235_1_electronic-voting-election-officials-electronic-voting|title=Election officials OK with probe|last1=McCormick|first1=John|date=30 October 2006|work=The Chicago Tribune|accessdate=|language=en}}</ref> | ''[[The Wall Street Journal]]'' wrote that "Smartmatic scrapped a simple corporate structure" of being based in Boca Raton "for a far more complex arrangement" of being located in multiple locations following the Sequoia incident. Though Smartmatic has made differing statements saying that they were either American or Dutch based, the [[United States Department of State]] stated that its Venezuelan owners "remain hidden behind a web of holding companies in the Netherlands and Barbados". ''[[The New York Times]]'' states that "the role of the young Venezuelan engineers who founded Smartmatic has become less visible" and that its organization is "an elaborate web of offshore companies and foreign trusts", while [[BBC News]] states that though Smartmatic says the company was founded in the United States, "its roots are firmly anchored in (Venezuela)". Multiple sources simply state that Smartmatic is a Venezuelan company.<ref>{{cite news|last1=Tiglao|first1=Rigoberto D.|title=US Caracas Embassy: 'Smartmatic is a riddle'|url=http://www.manilatimes.net/us-caracas-embassy-smartmatic-is-a-riddle/232249/|accessdate=|work=The Manila Times|date=1 December 2015}}<br />{{cite book|title=Committee on Foreign Investment in the United States (CFIUS), One Year After Dubai Ports World: Congressional Hearing|date=7 February 2007|publisher=[[Committee on Foreign Investment in the United States]]|location=Washington, D.C.|isbn=978-1422320471|page=7<!--|accessdate=22 December 2016-->}}<br />{{cite news|last1=Uy|first1=Jocelyn R.|title=Smartmatic faces probe|url=http://newsinfo.inquirer.net/785566/smartmatic-faces-probe|accessdate=|work=Philippine Daily Inquirer|date=14 May 2016}}<br />Belgian Region's Decision to Use New Voting Machines Reignites E-voting Debate|url=http://www.cio.com/article/2391971/e-voting/belgian-region-s-decision-to-use-new-voting-machines-reignites-e-voting-debate.html|magazine=CIO magazine|date=2012-09-24</ref> Smartmatic maintains that the holding companies in multiple countries are used for "[[Tax avoidance|tax efficiency]]".<ref>{{cite news|url=http://articles.chicagotribune.com/2006-10-30/news/0610300235_1_electronic-voting-election-officials-electronic-voting|title=Election officials OK with probe|last1=McCormick|first1=John|date=30 October 2006|work=The Chicago Tribune|accessdate=|language=en}}</ref> |