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Financial Secrecy - Country Rankings 2013
http://www.photius.com/rankings/financial_secrecy_country_rankings_2013.html
SOURCE: Tax Justice Network
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The Financial Secrecy Index ranks jurisdictions according to their secrecy and the scale of their activities. A politically neutral ranking, it is a tool for understanding global financial secrecy, tax havens or secrecy jurisdictions, and illicit financial flows. The score is a combination of the country's secrecy score and a scale weighting based on its share of the global market for offshore financial services (hence Switzerland's high score).

Financial Secrecy - International Rankings, 2013 - See notes below the table.

Rank
--------
Country/region Name
---------------------------
Financial Secrecy Score
-------------
1 Switzerland 1,765.20
2 Luxembourg 1,454.40
3 Hong Kong 1,283.40
4 Cayman Islands 1,233.50
5 Singapore 1,216.80
6 USA 1,212.90
7 Lebanon 747.8
8 Germany 738.3
9 Jersey 591.7
10 Japan 513.1
11 Panama 489.6
12 Malaysia 471.6
13 Bahrain 461.1
14 Bermuda 432.3
15 Guernsey 419.3
16 United Arab Emirates 419.0
17 Canada 418.5
18 Austria 400.8
19 Mauritius 397.8
20 British Virgin Islands 385.4
21 United Kingdom 361.3
22 Macao 360.4
23 Marshall Islands 329.6
24 Korea 328.7
25 Russia 325.2
26 Barbados 317.4
27 Liberia 300.8
28 Seychelles 293.4
29 Brazil 283.9
30 Uruguay 277.4
31 Saudi Arabia 274.2
32 India 254.5
33 Liechtenstein 240.9
34 Isle of Man 237.2
35 Bahamas 226.8
36 South Africa 209.7
37 Philippines 206.6
38 Israel 205.9
39 Netherlands 204.9
40 Belgium 199.2
41 Cyprus 198.9
42 Dominican Republic 193.7
43 France 190.9
44 Australia 168.1
45 Vanuatu 164.9
46 Costa Rica 157.6
47 Ireland 155.5
48 New Zealand 151.4
49 Gibraltar 147.8
50 Norway 142.7
51 Guatemala 142.4
52 Belize 129.8
53 Latvia 128.1
54 Italy 118.9
55 Aruba 113.3
56 Spain 111.3
57 Ghana 109.9
58 Curacao 106.4
59 US Virgin Islands 102.8
60 Botswana 98.9
61 Anguilla 96.7
62 St Vincent & the Grenadines 85.1
63 Turks & Caicos Islands 81.8
64 Malta 78.0
65 St Lucia 66.8
66 Denmark 63.1
67 Antigua & Barbuda 60.4
68 San Marino 59.5
69 Portugal 57.9
70 Grenada 55.7
71 Sweden 55.7
72 Hungary 54.6
73 Brunei 50.6
74 Andorra 43.3
75 Monaco 38.8
76 Samoa 31.0
77 Dominica 26.9
78 Cook Islands 25.2
79 Maldives 21.0
80 St Kitts & Nevis 18.4
81 Nauru 0
82 Montserrat 0

Notes:

The scores for the financial secrecy index were calculated on the basis of a number of variables:

1) Banking secrecy: Does the jurisdiction have banking secrecy?

2) Trust and Foundations Register: Is there a public register of Trusts or Foundations, or are trusts and foundations prevented? This applies both to local trusts and foundations, as well as to local management of foreign trusts.

3) Recorded Company Ownership: Does the relevant authority obtain and keep updated details of the beneficial ownership of companies?

4) Public Company Ownership: Does the relevant authority make details of ownership of companies available on public record online for less than US$/10?

5) Public Company Accounts: Does the relevant authority require that company accounts are made available for inspection by anyone for a fee of less than US$/10?

6) Country-by-Country Reporting: Are all companies required to comply with country-by-country financial reporting?

7) Fit for Information Exchange: Are resident paying agents required to report to the domestic tax administration information on payments to non-residents?

8) Efficiency of Tax Administration: Does the tax administration use taxpayer identifiers for analysing information effectively, and is there a large taxpayer unit?

9) Avoids Promoting Tax Evasion: Does the jurisdiction grant unilateral tax credits for foreign tax payments?

10) Harmful Legal Vehicles: Does the jurisdiction allow cell companies and trusts with flee clauses?

11) Anti-Money Laundering: Does the jurisdiction comply with the FATF recommendations?

12) Automatic Information Exchange: Does the jurisdiction participate fully in Automatic Information Exchange such as the European Savings Tax Directive?

13) Bilateral Treaties: Does the jurisdiction have at least 46 bilateral treaties providing for information exchange upon request, or is it part of the European Council/OECD convention?

14) International Transparency Commitments: Has the jurisdiction ratified the five most relevant international treaties relating to financial transparency?

15) International Judicial Cooperation: Does the jurisdiction cooperate with other states on money laundering and other criminal issues?


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This page was last modified 3-JUL-14
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