China

Country profiles
Country profiles

China

  • Corporate Tax Haven Index ranking: 19
  • Financial Secrecy Index ranking: 25
  • Tax loss each year to tax havens: $14,886,392,679
  • Tax loss inflicted on other countries: $20,045,803,268

Country profile

Tax abuse losses

$14,886,392,679

lost in tax every year to global tax abuse

$3,732,400,492

lost to tax avoidance committed by multinational corporations

$11,153,992,188

lost to tax evasion committed by private individuals

  • Equivalent to 0.61% tax revenue (tax revenue in 2020 : $2,436,332,913,228 trillion)
  • Equivalent to loss of $11 per member of population (Population: 1,382,950,312.50)
  • Smaller than Global Average tax revenue Loss 2.61%
  • Smaller than Regional Average tax revenue Loss 1.48%

Global Rankings

Corporate Tax Haven Index 2019
#19

Global Rank (First is Worst)

58.30/100

Haven Score (100 is Worst)

1.73%

Share of global tax havenry

Financial Secrecy Index 2020
#25

Global Rank (First is Worst)

59.85/100

Haven Score (100 is Worst)

1.17%

Share of global tax secrecy

Harm to other countries

$20,045,803,268

in tax lost by other countries

$20,045,803,268

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 4.69% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
1,589,187 nurses

Social impact of lost tax

Tax loss equivalent to 4.38% of health budget
Tax loss equivalent to N/A of education spendings
Suffered tax loss equivalent to paying yearly salaries of
1,463,876 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Inward FDI
Vulnerable Score for this channel is 65.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Hong Kong (49.0%)
British Virgin Islands (12.8%)
Japan (5.9%)

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