Portugal

Country profiles
Country profiles

Portugal

  • Corporate Tax Haven Index ranking: 49
  • Financial Secrecy Index ranking: 76
  • Tax loss each year to tax havens: $1,046,072,964
  • Tax loss inflicted on other countries: $553,241,485

Country profile

Tax abuse losses

$1,046,072,964

lost in tax every year to global tax abuse

$494,051,357

lost to tax avoidance committed by multinational corporations

$552,021,606

lost to tax evasion committed by private individuals

  • Equivalent to 1.88% tax revenue (tax revenue in 2020 : $55,781,599,099 trillion)
  • Equivalent to loss of $101 per member of population (Population: 10,373,724.50)
  • 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
#49

Global Rank (First is Worst)

45.84/100

Haven Score (100 is Worst)

0.34%

Share of global tax havenry

Financial Secrecy Index 2020
#76

Global Rank (First is Worst)

54.03/100

Haven Score (100 is Worst)

0.44%

Share of global tax secrecy

Harm to other countries

$553,241,485

in tax lost by other countries

$170,292,450

by enabling corporate tax avoidance

$382,949,036

by enabling private tax evasion

Responsible for 0.13% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
43,860 nurses

Social impact of lost tax

Tax loss equivalent to 7.63% of health budget
Tax loss equivalent to 9.13% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
49,651 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Outward FDI
Vulnerable Score for this channel is 57.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Netherlands (30.7%)
Spain (20.3%)
Angola (10.5%)

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