Financial Secrecy Index

The Tax Justice Network’s Financial Secrecy Index highlights places around the world that provide (relatively) safe havens for tax evaders. The index was calculated in 2013 and includes data from 82 countries and territories. By ranking jurisdictions according to both their secrecy, and the scale of their activities, the organization aims to provide a ranking of them in terms of financial secrecy and ability to evade taxes.^[1]

Financial Secrecy Index, 2013

Eighty-two countries and territories were included in the 2013 Financial Secrecy Index.^[1]

Rank	Country or territory	FSI Value	Secrecy Score	Global Scale Weight
1	Switzerland	1,765.2	78	4.916
2	Luxembourg	1,454.4	67	12.049
3	Hong Kong	1,283.4	72	4.206
4	Cayman Islands	1,233.5	70	4.694
5	Singapore	1,216.8	70	4.280
6	USA	1,212.9	58	22.586
7	Lebanon	747.8	79	0.354
8	Germany	738.3	59	4.326
9	Jersey	591.7	75	0.263
10	Japan	513.1	61	1.185
11	Panama	489.6	73	0.190
12	Malaysia (Labuan)	471.6	80	0.082
13	Bahrain	461.1	72	0.182
14	Bermuda	432.3	80	0.061
15	Guernsey	419.3	67	0.257
16	United Arab Emirates (Dubai)	419.0	79	0.061
17	Canada	418.5	54	2.008
18	Austria	400.8	64	0.371
19	Mauritius	397.8	80	0.047
20	British Virgin Islands	385.4	66	0.241
21	United Kingdom	361.3	40	18.530
22	Macao	360.4	71	0.108
23	Marshall Islands	329.6	82	0.022
24	Korea	328.7	54	0.978
25	Russia	325.2	60	0.318
26	Barbados	317.4	81	0.021
27	Liberia	300.8	83	0.014
28	Seychelles	293.4	85	0.011
29	Brazil	283.9	52	0.768
30	Uruguay	277.4	72	0.040
31	Saudi Arabia	274.2	75	0.028
32	India	254.5	46	1.800
33	Liechtenstein	240.9	79	0.011
34	Isle of Man	237.2	67	0.049
35	Bahamas	226.8	80	0.009
36	South Africa	209.7	53	0.260
37	Philippines	206.6	67	0.033
38	Israel	205.9	57	0.132
39	Netherlands	204.9	50	0.430
40	Belgium	199.2	45	1.031
41	Cyprus	198.9	52	0.264
42	Dominican Republic	193.7	73	0.012
43	France	190.9	41	2.141
44	Australia	168.1	47	0.394
45	Vanuatu	164.9	87	0.002
46	Costa Rica	157.6	71	0.008
47	Ireland	155.5	37	2.646
48	New Zealand	151.4	52	0.126
49	Gibraltar	147.8	79	0.003
50	Norway	142.7	42	0.667
51	Guatemala	142.4	77	0.003
52	Belize	129.8	80	0.002
53	Latvia	128.1	51	0.090
54	Italy	118.9	39	0.748
55	Aruba	113.3	71	0.003
56	Spain	111.3	36	1.504
57	Ghana	109.9	66	0.005
58	Curaçao	106.4	77	0.001
59	U.S. Virgin Islands	102.8	69	0.003
60	Botswana	98.9	73	0.002
61	Anguilla	96.7	76	0.001
62	Saint Vincent and the Grenadines	85.1	78	0.001
63	Turks and Caicos Islands	81.8	78	0.000
64	Malta	78.0	44	0.079
65	Saint Lucia	66.8	84	0.000
66	Denmark	63.1	33	0.605
67	Antigua & Barbuda	60.4	80	0.000
68	San Marino	59.5	80	0.000
69	Portugal (Madeira)	57.9	39	0.092
70	Grenada	55.7	78	0.000
71	Sweden	55.7	32	0.440
72	Hungary	54.6	40	0.056
73	Brunei	50.6	84	0.000
74	Andorra	43.3	76	0.000
75	Monaco	38.8	75	0.000
76	Samoa	31.0	88	0.000
77	Dominica^†	26.9	79	0.000
78	Cook Islands	25.2	77	0.000
79	Maldives	21.0	79	0.000
80	Saint Kitts and Nevis	18.4	80	0.000
81	Nauru	0.0	79	0.000
82	Montserrat	0.0	74	0.000