This week the Tax Justice Network published its biannual Financial Secrecy Index, which relates tax-related secrecy to market significance by country. In other words, this ranking shows which countries hinder the total transparency of private (tax) data the most.
The top ten are:
- Cayman Islands
- Hong Kong
- United Arab Emirates
Cyprus is ranked number 24, between UK and France. TJN says about their reseach: