Sri Lanka

Country profiles
Country profiles

Sri Lanka

  • Corporate Tax Haven Index ranking: N/A
  • Financial Secrecy Index ranking: 39
  • Tax loss each year to tax havens: $104,809,115
  • Tax loss inflicted on other countries: $20,619,963

Country profile

Tax abuse losses

$104,809,115

lost in tax every year to global tax abuse

$97,351,980

lost to tax avoidance committed by multinational corporations

$7,457,134

lost to tax evasion committed by private individuals

  • Equivalent to 1.14% tax revenue (tax revenue in 2020 : $9,216,207,433 trillion)
  • Equivalent to loss of $5 per member of population (Population: 21,368,604.38)
  • Smaller than Global Average tax revenue Loss 2.61%
  • Smaller 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
#39

Global Rank (First is Worst)

72.18/100

Haven Score (100 is Worst)

0.85%

Share of global tax secrecy

Harm to other countries

$20,619,963

in tax lost by other countries

$20,619,963

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 0.00% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
1,635 nurses

Social impact of lost tax

Tax loss equivalent to 7.93% of health budget
Tax loss equivalent to 5.93% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
44,970 nurses

Vulnerability to illicit financial flows

Most Vulnerable via Outward FDI
Vulnerable Score for this channel is 64.00 / 100
(100 is Worst)

Trading partners most responsible for vulnerability

Singapore (23.8%)
Bangladesh (18.9%)
Mauritius (14.3%)

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