Luxembourg

Country profiles
Country profiles

Luxembourg

  • Corporate Tax Haven Index ranking: 6
  • Financial Secrecy Index ranking: 6
  • Tax loss each year to tax havens: $11,242,651,185
  • Tax loss inflicted on other countries: $27,607,634,145

Country profile

Tax abuse losses

$11,242,651,185

lost in tax every year to global tax abuse

$551,354,310

lost to tax avoidance committed by multinational corporations

$10,691,296,875

lost to tax evasion committed by private individuals

  • Equivalent to 65.11% tax revenue (tax revenue in 2020 : $17,267,891,482 trillion)
  • Equivalent to loss of $19,571 per member of population (Population: 574,466.80)
  • Greater than Global Average tax revenue Loss 2.61%
  • Greater than Regional Average tax revenue Loss 3.39%

Global Rankings

Corporate Tax Haven Index 2019
#6

Global Rank (First is Worst)

72.44/100

Haven Score (100 is Worst)

4.73%

Share of global tax havenry

Financial Secrecy Index 2020
#6

Global Rank (First is Worst)

55.45/100

Haven Score (100 is Worst)

2.49%

Share of global tax secrecy

Harm to other countries

$27,607,634,145

in tax lost by other countries

$9,283,427,114

by enabling corporate tax avoidance

$18,324,207,031

by enabling private tax evasion

Responsible for 6.45% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
2,188,672 nurses

Social impact of lost tax

Tax loss equivalent to 360.61% of health budget
Tax loss equivalent to 437.03% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
103,345 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Inward FDI
Vulnerable Score for this channel is 60.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

United States (18.5%)
Netherlands (12.1%)
Bermuda (10.0%)

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