Financial Secrecy Index

From Wikipedia, the free encyclopedia
Jump to: navigation, search

The Tax Justice Network’s Financial Secrecy Index highlights places around the world that provide (relatively) safe havens for tax evaders. The index was calculated in 2013 and includes data from 82 countries and territories. By ranking jurisdictions according to both their secrecy, and the scale of their activities, the organization aims to provide a ranking of them in terms of financial secrecy and ability to evade taxes.[1]

Financial Secrecy Index, 2013[edit]

Eighty-two countries and territories were included in the 2013 Financial Secrecy Index.[1]

Rank Country or territory FSI Value Secrecy Score Global Scale Weight
1   Switzerland 1,765.2 78 4.916
2  Luxembourg 1,454.4 67 12.049
3  Hong Kong 1,283.4 72 4.206
4  Cayman Islands 1,233.5 70 4.694
5  Singapore 1,216.8 70 4.280
6  USA 1,212.9 58 22.586
7  Lebanon 747.8 79 0.354
8  Germany 738.3 59 4.326
9  Jersey 591.7 75 0.263
10  Japan 513.1 61 1.185
11  Panama 489.6 73 0.190
12  Malaysia (Labuan) 471.6 80 0.082
13  Bahrain 461.1 72 0.182
14  Bermuda 432.3 80 0.061
15  Guernsey 419.3 67 0.257
16  United Arab Emirates (Dubai) 419.0 79 0.061
17  Canada 418.5 54 2.008
18  Austria 400.8 64 0.371
19  Mauritius 397.8 80 0.047
20  British Virgin Islands 385.4 66 0.241
21  United Kingdom 361.3 40 18.530
22  Macao 360.4 71 0.108
23  Marshall Islands 329.6 82 0.022
24  Korea 328.7 54 0.978
25  Russia 325.2 60 0.318
26  Barbados 317.4 81 0.021
27  Liberia 300.8 83 0.014
28  Seychelles 293.4 85 0.011
29  Brazil 283.9 52 0.768
30  Uruguay 277.4 72 0.040
31  Saudi Arabia 274.2 75 0.028
32  India 254.5 46 1.800
33  Liechtenstein 240.9 79 0.011
34  Isle of Man 237.2 67 0.049
35  Bahamas 226.8 80 0.009
36  South Africa 209.7 53 0.260
37  Philippines 206.6 67 0.033
38  Israel 205.9 57 0.132
39  Netherlands 204.9 50 0.430
40  Belgium 199.2 45 1.031
41  Cyprus 198.9 52 0.264
42  Dominican Republic 193.7 73 0.012
43  France 190.9 41 2.141
44  Australia 168.1 47 0.394
45  Vanuatu 164.9 87 0.002
46  Costa Rica 157.6 71 0.008
47  Ireland 155.5 37 2.646
48  New Zealand 151.4 52 0.126
49  Gibraltar 147.8 79 0.003
50  Norway 142.7 42 0.667
51  Guatemala 142.4 77 0.003
52  Belize 129.8 80 0.002
53  Latvia 128.1 51 0.090
54  Italy 118.9 39 0.748
55  Aruba 113.3 71 0.003
56  Spain 111.3 36 1.504
57  Ghana 109.9 66 0.005
58  Curaçao 106.4 77 0.001
59  U.S. Virgin Islands 102.8 69 0.003
60  Botswana 98.9 73 0.002
61  Anguilla 96.7 76 0.001
62  Saint Vincent and the Grenadines 85.1 78 0.001
63  Turks and Caicos Islands 81.8 78 0.000
64  Malta 78.0 44 0.079
65  Saint Lucia 66.8 84 0.000
66  Denmark 63.1 33 0.605
67  Antigua & Barbuda 60.4 80 0.000
68  San Marino 59.5 80 0.000
69  Portugal (Madeira) 57.9 39 0.092
70  Grenada 55.7 78 0.000
71  Sweden 55.7 32 0.440
72  Hungary 54.6 40 0.056
73  Brunei 50.6 84 0.000
74  Andorra 43.3 76 0.000
75  Monaco 38.8 75 0.000
76  Samoa 31.0 88 0.000
77  Dominica 26.9 79 0.000
78  Cook Islands 25.2 77 0.000
79  Maldives 21.0 79 0.000
80  Saint Kitts and Nevis 18.4 80 0.000
81  Nauru 0.0 79 0.000
82  Montserrat 0.0 74 0.000
  Independent countries (plus one associated state) under the jurisdiction of the Judicial Committee of the Privy Council

Dominica has since abandoned the JCPC (March 2015)

See also[edit]

Notes and references[edit]

  1. ^ a b "Financial Secrecy Index - 2013 Results". Tax Justice Network. November 7, 2013.