British Virgin Islands

Country profiles
Country profiles

British Virgin Islands

  • Corporate Tax Haven Index ranking: 1
  • Financial Secrecy Index ranking: 9
  • Tax loss each year to tax havens: $1,079,398
  • Tax loss inflicted on other countries: $16,295,774,429

Country profile

Tax abuse losses

$1,079,398

lost in tax every year to global tax abuse

$1,079,398

lost to tax avoidance committed by multinational corporations

$0

lost to tax evasion committed by private individuals

  • Equivalent to 0.11% tax revenue (GDP in 2020 : $957,200,000 trillion)
  • Equivalent to loss of $37 per member of population (Population: 29,275.10)
  • Smaller than Global Average GDP Loss 0.53%
  • Smaller than Regional Average GDP Loss 0.58%

Global Rankings

Corporate Tax Haven Index 2019
#1

Global Rank (First is Worst)

100.00/100

Haven Score (100 is Worst)

7.29%

Share of global tax havenry

Financial Secrecy Index 2020
#9

Global Rank (First is Worst)

71.30/100

Haven Score (100 is Worst)

1.82%

Share of global tax secrecy

Harm to other countries

$16,295,774,429

in tax lost by other countries

$10,405,615,250

by enabling corporate tax avoidance

$5,890,159,180

by enabling private tax evasion

Responsible for 3.81% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
1,291,893 nurses

Social impact of lost tax

Tax loss equivalent to N/A of health budget
Tax loss equivalent to 3.01% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
37 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Inward FDI
Vulnerable Score for this channel is 64.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Hong Kong (62.5%)
China (12.9%)
Netherlands (8.1%)

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