Economy
Julio 23, 2021 - < 1 min

What are the main tax havens in the world?

Not all of them are small Caribbean islands

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Increasing taxes is a discussion that is the order of the day. The G7 agreement to create a global tax on corporations or the discussions in various countries to create a tax on the super-rich are good examples of this. Against this backdrop, what are the main tax havens on the planet? This chart of the top 20 tax havens from visualcapitlaists.com is based on the Financial Secrecy Index, developed by the NGO Tax Justice Network. The two main criteria for its compilation are the ability of the country or territory's banking system to hide money - through non-transparent legal systems or opaque ownership records - and its involvement in cross-border financial transactions. The result, as you can see, has some surprises, such as including the U.S. as the world's second largest tax haven. This, of course, for non-residents, who can take advantage of loopholes in foreign tax regulation.

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