Cayman Islands

Country profiles
Country profiles

Cayman Islands

  • Corporate Tax Haven Index ranking: 3
  • Financial Secrecy Index ranking: 1
  • Tax loss each year to tax havens: $166,760
  • Tax loss inflicted on other countries: $70,441,676,611

Country profile

Tax abuse losses

$166,760

lost in tax every year to global tax abuse

$166,760

lost to tax avoidance committed by multinational corporations

$0

lost to tax evasion committed by private individuals

  • Equivalent to 0.00% tax revenue (GDP in 2020 : $4,865,169,291 trillion)
  • Equivalent to loss of $3 per member of population (Population: 61,936.10)
  • Smaller than Global Average GDP Loss 0.53%
  • Smaller than Regional Average GDP Loss 0.58%

Global Rankings

Corporate Tax Haven Index 2019
#3

Global Rank (First is Worst)

100.00/100

Haven Score (100 is Worst)

6.67%

Share of global tax havenry

Financial Secrecy Index 2020
#1

Global Rank (First is Worst)

76.08/100

Haven Score (100 is Worst)

4.63%

Share of global tax secrecy

Harm to other countries

$70,441,676,611

in tax lost by other countries

$22,819,899,267

by enabling corporate tax avoidance

$47,621,777,344

by enabling private tax evasion

Responsible for 16.47% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
5,584,460 nurses

Social impact of lost tax

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

Vulnerability to illicit financial flows

Most Vulnerable via Inward Trade (Imports)
Vulnerable Score for this channel is 62.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

United States (87.3%)
Bahamas (3.6%)
Denmark (1.4%)

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