The Tax Justice Network investigates cross-border financial flows. Its latest report tries to rank those countries involved with promoting financial secrecy. In their view, Switzerland and the United States are the biggest promoters based on their level of secrecy and the percentage of financial services provided to non-residents. It claims that $21 to $32 trillion of private financial wealth is located, untaxed or lightly taxed, in secrecy jurisdictions around the world. Each year $1-1.6 trillion flows across borders each year.
Here are its rankings of the biggest countries operating in this field:
Switzerland
United States
Cayman Islands
Hong Kong
Singapore
Luxembourg
Germany
Taiwan
United Arab Emirates (Dubai)
Guernsey
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