Colombia

Country profiles
Country profiles

Colombia

  • Corporate Tax Haven Index ranking: N/A
  • Financial Secrecy Index ranking: 102
  • Tax loss each year to tax havens: $11,774,915,838
  • Tax loss inflicted on other countries: $59,549,030

Country profile

Tax abuse losses

$11,774,915,838

lost in tax every year to global tax abuse

$11,639,160,039

lost to tax avoidance committed by multinational corporations

$135,755,798

lost to tax evasion committed by private individuals

  • Equivalent to 18.20% tax revenue (tax revenue in 2020 : $64,710,244,809 trillion)
  • Equivalent to loss of $241 per member of population (Population: 48,885,236.06)
  • Greater than Global Average tax revenue Loss 2.61%
  • Greater than Regional Average tax revenue Loss 4.20%

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
#102

Global Rank (First is Worst)

56.48/100

Haven Score (100 is Worst)

0.27%

Share of global tax secrecy

Harm to other countries

$59,549,030

in tax lost by other countries

$59,549,030

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 0.01% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
4,721 nurses

Social impact of lost tax

Tax loss equivalent to 71.79% of health budget
Tax loss equivalent to 78.52% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
2,465,001 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Outward Portfolio Inv.
Vulnerable Score for this channel is 61.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

United States (72.3%)
Luxembourg (11.3%)
Mexico (1.6%)

Related articles