Thailand

Country profiles
Country profiles

Thailand

  • Corporate Tax Haven Index ranking: N/A
  • Financial Secrecy Index ranking: 17
  • Tax loss each year to tax havens: $1,165,301,081
  • Tax loss inflicted on other countries: $960,250,326

Country profile

Tax abuse losses

$1,165,301,081

lost in tax every year to global tax abuse

$425,131,220

lost to tax avoidance committed by multinational corporations

$740,169,861

lost to tax evasion committed by private individuals

  • Equivalent to 1.40% tax revenue (tax revenue in 2020 : $83,402,499,240 trillion)
  • Equivalent to loss of $17 per member of population (Population: 69,079,153.13)
  • 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
#17

Global Rank (First is Worst)

73.25/100

Haven Score (100 is Worst)

1.32%

Share of global tax secrecy

Harm to other countries

$960,250,326

in tax lost by other countries

$960,250,326

by enabling corporate tax avoidance

$0

by enabling private tax evasion

Responsible for 0.22% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
76,127 nurses

Social impact of lost tax

Tax loss equivalent to 8.77% of health budget
Tax loss equivalent to 5.38% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
198,355 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

Hong Kong (26.1%)
Cayman Islands (9.7%)
Singapore (8.5%)