Kuwait

Country profiles
Country profiles

Kuwait

  • Corporate Tax Haven Index ranking: N/A
  • Financial Secrecy Index ranking: 28
  • Tax loss each year to tax havens: $29,178,454
  • Tax loss inflicted on other countries: $172,247,791

Country profile

Tax abuse losses

$29,178,454

lost in tax every year to global tax abuse

$29,178,454

lost to tax avoidance committed by multinational corporations

$0

lost to tax evasion committed by private individuals

  • Equivalent to 2.02% tax revenue (tax revenue in 2020 : $1,444,254,360 trillion)
  • Equivalent to loss of $8 per member of population (Population: 3,813,427.30)
  • Smaller than Global Average tax revenue Loss 2.61%
  • Greater than Regional Average tax revenue Loss 1.48%

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
#28

Global Rank (First is Worst)

70.58/100

Haven Score (100 is Worst)

1.08%

Share of global tax secrecy

Harm to other countries

$172,247,791

in tax lost by other countries

$172,247,791

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 0.04% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
13,655 nurses

Social impact of lost tax

Tax loss equivalent to 0.69% of health budget
Tax loss equivalent to N/A of education spendings
Suffered tax loss equivalent to paying yearly salaries of
2,081 nurses

Vulnerability to illicit financial flows

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

Trading partners most responsible for vulnerability

Bahrain (17.5%)
Saudi Arabia (13.6%)
Cayman Islands (13.5%)