Economy
Julio 23, 2021 - < 1 min

What are the world's main tax havens?

Not all of them are small Caribbean islands.

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Tax increases are a hot topic of discussion. The G7 agreement to create a global corporate tax and discussions in various countries about creating a tax on the super-rich are good examples of this. Against this backdrop, what are the world's main tax havens? This chart of the top 20 tax havens from visualcapitlaists.com is based on the Financial Secrecy Index, compiled 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 opaque legal systems or opaque property records—and its participation in cross-border financial transactions. The result, as you can see, has some surprises, such as including the US as the second largest tax haven in the world. This, of course, is for non-residents, who can take advantage of loopholes in foreign tax regulations.

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