South Africa

Country profiles
Country profiles

South Africa

  • Corporate Tax Haven Index ranking: 42
  • Financial Secrecy Index ranking: 58
  • Tax loss each year to tax havens: $3,391,890,587
  • Tax loss inflicted on other countries: $112,165,486

Country profile

Tax abuse losses

$3,391,890,587

lost in tax every year to global tax abuse

$2,708,824,608

lost to tax avoidance committed by multinational corporations

$683,065,979

lost to tax evasion committed by private individuals

  • Equivalent to 3.43% tax revenue (tax revenue in 2020 : $98,919,686,470 trillion)
  • Equivalent to loss of $60 per member of population (Population: 56,744,353.63)
  • Greater than Global Average tax revenue Loss 2.61%
  • Smaller than Regional Average tax revenue Loss 6.96%

Global Rankings

Corporate Tax Haven Index 2019
#42

Global Rank (First is Worst)

47.12/100

Haven Score (100 is Worst)

0.48%

Share of global tax havenry

Financial Secrecy Index 2020
#58

Global Rank (First is Worst)

56.24/100

Haven Score (100 is Worst)

0.64%

Share of global tax secrecy

Harm to other countries

$112,165,486

in tax lost by other countries

$112,165,486

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 0.03% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
8,892 nurses

Social impact of lost tax

Tax loss equivalent to 22.38% of health budget
Tax loss equivalent to 15.76% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
1,068,770 nurses

Vulnerability to illicit financial flows

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

Trading partners most responsible for vulnerability

China (49.9%)
Mauritius (7.8%)
Hong Kong (7.7%)

Related articles