The Tax Justice Network released their Financial Secrecy Index, ranking Switzerland and the United States as the top two countries most attractive for tax evaders and money launderers. This is the second time in a row that the US has risen on the index, marking a fall in terms of transparency.

The Tax Justice Network just released their 2018 Financial Secrecy Index Switzerland and the United States were followed in the index by Hong Kong and the Cayman Islands, an autonomous British Overseas Territory. The index is unique in that it ranks countries based on a number of criteria, rather than creating a “blacklist” where countries are either labeled as tax havens or not.

 According to a statement by the Tax Justice Network (TJN), the United States has moved up in the rankings because it “refuses to take part in international initiatives to share tax information with other countries, and has failed to end anonymous companies and trusts”.
OCCRP.org
Please click here to access the interactive overview map:
Financialsecrecyindex.com