Tax increases are a hot topic these days. The G7 agreement to create a global corporate tax and discussions in various countries about imposing a tax on the ultra-wealthy are good examples of this. Against this backdrop, what are the world’s leading tax havens? This chart of the top 20 tax havens from visualcapitalists.com is based on the Financial Secrecy Index, compiled by the NGO Tax Justice Network. The two main criteria used to compile the index are the ability of a country or territory’s banking system to hide money—through opaque legal systems or unclear property records—and its involvement in cross-border financial transactions. The result, as you can see, holds some surprises, such as the inclusion of the U.S. as the world’s second-largest tax haven. This, of course, applies to nonresidents, who can take advantage of loopholes in foreign tax regulations.

https://www.visualcapitalist.com/worlds-biggest-private-tax-havens/