Barbados

Country profiles
Country profiles

Barbados

  • Corporate Tax Haven Index ranking: N/A
  • Financial Secrecy Index ranking: 63
  • Tax loss each year to tax havens: $138,605,582
  • Tax loss inflicted on other countries: $4,687,487,889

Country profile

Tax abuse losses

$138,605,582

lost in tax every year to global tax abuse

$94,993

lost to tax avoidance committed by multinational corporations

$138,510,590

lost to tax evasion committed by private individuals

  • Equivalent to 11.21% tax revenue (tax revenue in 2020 : $1,235,904,033 trillion)
  • Equivalent to loss of $486 per member of population (Population: 285,385.20)
  • Greater than Global Average tax revenue Loss 2.61%
  • Greater than Regional Average tax revenue Loss 3.31%

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
#63

Global Rank (First is Worst)

74.00/100

Haven Score (100 is Worst)

0.57%

Share of global tax secrecy

Harm to other countries

$4,687,487,889

in tax lost by other countries

$4,452,667,607

by enabling corporate tax avoidance

$234,820,282

by enabling private tax evasion

Responsible for 1.10% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
371,614 nurses

Social impact of lost tax

Tax loss equivalent to 82.81% of health budget
Tax loss equivalent to 54.07% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
8,404 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Outward FDI
Vulnerable Score for this channel is 76.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Luxembourg (28.8%)
United Kingdom (26.2%)
China (22.7%)

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