Finland

Country profiles
Country profiles

Finland

  • Corporate Tax Haven Index ranking: 34
  • Financial Secrecy Index ranking: 87
  • Tax loss each year to tax havens: $919,705,621
  • Tax loss inflicted on other countries: $1,376,575,354

Country profile

Tax abuse losses

$919,705,621

lost in tax every year to global tax abuse

$324,744,135

lost to tax avoidance committed by multinational corporations

$594,961,487

lost to tax evasion committed by private individuals

  • Equivalent to 1.14% tax revenue (tax revenue in 2020 : $80,876,909,100 trillion)
  • Equivalent to loss of $168 per member of population (Population: 5,474,192.80)
  • 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
#34

Global Rank (First is Worst)

55.03/100

Haven Score (100 is Worst)

0.62%

Share of global tax havenry

Financial Secrecy Index 2020
#87

Global Rank (First is Worst)

52.13/100

Haven Score (100 is Worst)

0.35%

Share of global tax secrecy

Harm to other countries

$1,376,575,354

in tax lost by other countries

$720,454,382

by enabling corporate tax avoidance

$656,120,972

by enabling private tax evasion

Responsible for 0.32% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
109,132 nurses

Social impact of lost tax

Tax loss equivalent to 4.88% of health budget
Tax loss equivalent to 5.01% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
20,304 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Outward Trade (Exports)
Vulnerable Score for this channel is 55.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Germany (13.9%)
Sweden (9.1%)
Netherlands (8.5%)

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