Hong Kong

Country profiles
Country profiles

Hong Kong

  • Corporate Tax Haven Index ranking: 10
  • Financial Secrecy Index ranking: 4
  • Tax loss each year to tax havens: $1,639,783,206
  • Tax loss inflicted on other countries: $21,047,358,012

Country profile

Tax abuse losses

$1,639,783,206

lost in tax every year to global tax abuse

$552,026,614

lost to tax avoidance committed by multinational corporations

$1,087,756,592

lost to tax evasion committed by private individuals

  • Equivalent to 3.70% tax revenue (tax revenue in 2020 : $44,374,840,622 trillion)
  • Equivalent to loss of $224 per member of population (Population: 7,311,550.00)
  • Greater than Global Average tax revenue Loss 2.61%
  • Greater than Regional Average tax revenue Loss 1.48%

Global Rankings

Corporate Tax Haven Index 2019
#10

Global Rank (First is Worst)

73.03/100

Haven Score (100 is Worst)

3.61%

Share of global tax havenry

Financial Secrecy Index 2020
#4

Global Rank (First is Worst)

66.38/100

Haven Score (100 is Worst)

3.04%

Share of global tax secrecy

Harm to other countries

$21,047,358,012

in tax lost by other countries

$16,331,010,356

by enabling corporate tax avoidance

$4,716,347,656

by enabling private tax evasion

Responsible for 4.92% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
1,668,588 nurses

Social impact of lost tax

Tax loss equivalent to N/A of health budget
Tax loss equivalent to 15.20% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
70,713 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Inward FDI
Vulnerable Score for this channel is 63.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

British Virgin Islands (37.3%)
China (22.5%)
Cayman Islands (7.8%)

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