Corporate Tax Haven Index

The Corporate Tax Haven Index published by the Tax Justice Network is a ranking of the world’s most important tax havens for multinational corporations. The ranking assesses how aggressively and how extensively each jurisdiction contributes to helping the world’s multinational enterprises escape paying tax[1]. This index was first launched on 28 May, 2019 and it is planned to be published every two years[2].

The index is composed of two parts. First, a Haven Score is a qualitative assessment, on a scale of 0-100, of how aggressive each jurisdiction is in offering opportunities to multinational enterprises to avoid paying corporate tax. The Haven Score is composed of 20 Haven Indicators, which can be grouped into 5 categories: Lowest Available Corporate Income Tax Rate (LACIT), Loopholes and Gaps, Transparency, Anti-Avoidance, and Double Tax Treaty Aggressiveness.[3] Second, the Global Scale Weight is a quantitative measure of how much each jurisdiction is used by multinational enterprises, measured as the share of the value of foreign direct investment in each jurisdiction on the global total value of cross-border direct investment.[4] The two components of the index are then combined to reach a single measure of importance of each corporate tax haven.

The Corporate Tax Haven Index complements the Financial Secrecy Index, which ranks tax havens according to their contribution to the global problem of financial secrecy[5].

Corporate Tax Haven Index 2019

In the first edition of the Corporate Tax Haven Index, published on 28 May, 2019, the British Virgin Islands were ranked as the world's most important tax haven.[6] The 2019 edition of the index included 64 jurisdictions. Full results of the index are freely accessible at the index's website[7].

Results of the Corporate Tax Haven Index 2019
Rank Jurisdiction CTHI Value CTHI Share Haven Score Global Scale Weight
1 British Virgin Islands 2,769 7.29% 100 2.12%
2 Bermuda 2,653 6.98% 100 1.86%
3 Cayman Islands 2,534 6.67% 100 1.62%
4 Netherlands 2,390 6.29% 78 12.76%
5 Switzerland 1,875 4.93% 83 3.41%
6 Luxembourg 1,794 4.72% 72 10.53%
7 Jersey 1,541 4.05% 98 0.42%
8 Singapore 1,489 3.92% 81 2.11%
9 Bahamas 1,377 3.62% 100 0.26%
10 Hong Kong 1,372 3.61% 73 4.37%
11 Ireland 1,363 3.58% 76 3.11%
12 United Arab Emirates 1,244 3.27% 98 0.22%
13 United Kingdom 1,067 2.81% 63 7.30%
14 Mauritius 950 2.50% 80 0.65%
15 Guernsey 890 2.34% 98 0.08%
16 Belgium 822 2.16% 68 1.82%
17 Isle of Man 804 2.11% 100 0.05%
18 Cyprus 698 1.83% 71 0.73%
19 China 658 1.73% 58 3.67%
20 Hungary 560 1.47% 69 0.49%
21 Curacao 552 1.45% 72 0.32%
22 France 525 1.38% 56 2.81%
23 Malta 519 1.36% 74 0.22%
24 Germany 460 1.21% 52 3.32%
25 USA 407 1.07% 43 12.88%
26 Panama 405 1.06% 72 0.13%
27 Spain 403 1.06% 55 1.53%
28 Gibraltar 398 1.04% 66 0.28%
29 Sweden 364 0.96% 56 0.89%
30 Italy 301 0.79% 51 1.27%
31 Czech Republic 269 0.71% 59 0.23%
32 Turks and Caicos Islands 265 0.69% 100 0.00%
33 Austria 257 0.67% 52 0.66%
34 Finland 236 0.62% 55 0.28%
35 Anguilla 232 0.61% 100 0.00%
36 Denmark 226 0.59% 52 0.44%
37 Liechtenstein 224 0.59% 70 0.03%
38 Lebanon 220 0.58% 73 0.01%
39 Estonia 211 0.55% 67 0.03%
40 Monaco 206 0.54% 68 0.03%
41 Latvia 196 0.51% 68 0.02%
42 South Africa 184 0.48% 47 0.54%
43 Romania 177 0.46% 56 0.11%
44 Seychelles 163 0.42% 68 0.01%
45 Bulgaria 143 0.37% 56 0.05%
46 Macao 144 0.38% 57 0.05%
47 Slovakia 135 0.35% 53 0.07%
48 Croatia 126 0.33% 55 0.04%
49 Portugal 127 0.33% 46 0.23%
50 Taiwan 120 0.31% 47 0.16%
51 Andorra 109 0.28% 69 0.00%
52 Lithuania 106 0.28% 55 0.02%
53 Poland 98 0.25% 40 0.32%
54 Aruba 91 0.24% 64 0.00%
55 Slovenia 80 0.21% 50 0.02%
56 Botswana 74 0.19% 55 0.00%
57 Liberia 71 0.18% 49 0.02%
58 Kenya 60 0.15% 51 0.01%
59 San Marino 56 0.14% 62 0.00%
60 Ghana 56 0.14% 49 0.01%
61 Greece 53 0.14% 39 0.07%
62 Tanzania 40 0.10% 46 0.00%
63 Gambia 9 0.02% 48 0.00%
64 Montserrat 7 0.01% 65 0.00%


Sources

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References
  1. "Introduction". corporatetaxhavenindex.org. Retrieved 2020-05-25.
  2. "Introduction". corporatetaxhavenindex.org. Retrieved 2020-05-25.
  3. "Methodology". corporatetaxhavenindex.org. Retrieved 2020-05-25.
  4. "Methodology". corporatetaxhavenindex.org. Retrieved 2020-05-25.
  5. "Introduction". fsi.taxjustice.net. Retrieved 2020-05-25.
  6. "2019 Results". corporatetaxhavenindex.org. Retrieved 2020-05-25.
  7. "2019 Results". corporatetaxhavenindex.org. Retrieved 2020-05-25.
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