Monaco

Country profiles
Country profiles

Monaco

  • Corporate Tax Haven Index ranking: 40
  • Financial Secrecy Index ranking: 109
  • Tax loss each year to tax havens: $424,826
  • Tax loss inflicted on other countries: $77,858,135

Country profile

Tax abuse losses

$424,826

lost in tax every year to global tax abuse

$424,826

lost to tax avoidance committed by multinational corporations

N/A

lost to tax evasion committed by private individuals

  • Equivalent to 0.01% tax revenue (GDP in 2020 : $6,618,807,992 trillion)
  • Equivalent to loss of $11 per member of population (Population: 37,749.70)
  • Smaller than Global Average GDP Loss 0.53%
  • Smaller than Regional Average GDP Loss 0.87%

Global Rankings

Corporate Tax Haven Index 2019
#40

Global Rank (First is Worst)

67.56/100

Haven Score (100 is Worst)

0.54%

Share of global tax havenry

Financial Secrecy Index 2020
#109

Global Rank (First is Worst)

70.30/100

Haven Score (100 is Worst)

0.23%

Share of global tax secrecy

Harm to other countries

$77,858,135

in tax lost by other countries

$77,858,135

by enabling corporate tax avoidance

N/A

by enabling private tax evasion

Responsible for 0.02% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
6,172 nurses

Social impact of lost tax

Tax loss equivalent to 0.39% of health budget
Tax loss equivalent to 0.45% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
4 nurses

Vulnerability to illicit financial flows

Most Vulnerable via N/A
Vulnerable Score for this channel is N/A / 100
(100 is Worst)

Trading partners most responsible for vulnerability

N/A
N/A
N/A