Belgium

Country profiles
Country profiles

Belgium

  • Corporate Tax Haven Index ranking: 16
  • Financial Secrecy Index ranking: 50
  • Tax loss each year to tax havens: $3,863,626,209
  • Tax loss inflicted on other countries: $3,062,033,835

Country profile

Tax abuse losses

$3,863,626,209

lost in tax every year to global tax abuse

$1,151,058,582

lost to tax avoidance committed by multinational corporations

$2,712,567,627

lost to tax evasion committed by private individuals

  • Equivalent to 2.49% tax revenue (tax revenue in 2020 : $155,207,330,276 trillion)
  • Equivalent to loss of $342 per member of population (Population: 11,288,960.00)
  • Smaller than Global Average tax revenue Loss 2.61%
  • Smaller than Regional Average tax revenue Loss 3.39%

Global Rankings

Corporate Tax Haven Index 2019
#16

Global Rank (First is Worst)

67.84/100

Haven Score (100 is Worst)

2.17%

Share of global tax havenry

Financial Secrecy Index 2020
#50

Global Rank (First is Worst)

45.05/100

Haven Score (100 is Worst)

0.69%

Share of global tax secrecy

Harm to other countries

$3,062,033,835

in tax lost by other countries

$1,282,703,879

by enabling corporate tax avoidance

$1,779,329,956

by enabling private tax evasion

Responsible for 0.72% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
242,751 nurses

Social impact of lost tax

Tax loss equivalent to 9.44% of health budget
Tax loss equivalent to 11.53% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
47,523 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Inward FDI
Vulnerable Score for this channel is 58.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Netherlands (26.3%)
France (20.0%)
Luxembourg (18.9%)