Australia

Country profiles
Country profiles

Australia

  • Corporate Tax Haven Index ranking: N/A
  • Financial Secrecy Index ranking: 48
  • Tax loss each year to tax havens: $4,197,661,676
  • Tax loss inflicted on other countries: $4,064,087,968

Country profile

Tax abuse losses

$4,197,661,676

lost in tax every year to global tax abuse

$2,365,613,824

lost to tax avoidance committed by multinational corporations

$1,832,047,852

lost to tax evasion committed by private individuals

  • Equivalent to 1.08% tax revenue (tax revenue in 2020 : $389,176,070,513 trillion)
  • Equivalent to loss of $175 per member of population (Population: 23,999,736.80)
  • Smaller than Global Average tax revenue Loss 2.61%
  • Greater than Regional Average tax revenue Loss 1.06%

Global Rankings

Corporate Tax Haven Index 2019
#N/A

Global Rank (First is Worst)

N/A/100

Haven Score (100 is Worst)

N/A

Share of global tax havenry

Financial Secrecy Index 2020
#48

Global Rank (First is Worst)

50.09/100

Haven Score (100 is Worst)

0.70%

Share of global tax secrecy

Harm to other countries

$4,064,087,968

in tax lost by other countries

$4,064,087,968

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 0.95% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
322,192 nurses

Social impact of lost tax

Tax loss equivalent to 4.87% of health budget
Tax loss equivalent to 5.78% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
53,905 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Inward FDI
Vulnerable Score for this channel is 61.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

United States (26.3%)
Netherlands (13.5%)
Japan (11.5%)

Related articles