Turks and Caicos Islands

Country profiles
Country profiles

Turks and Caicos Islands

  • Corporate Tax Haven Index ranking: 32
  • Financial Secrecy Index ranking: 92
  • Tax loss each year to tax havens: $15,757,043
  • Tax loss inflicted on other countries: $9,939,694

Country profile

Tax abuse losses

$15,757,043

lost in tax every year to global tax abuse

$0

lost to tax avoidance committed by multinational corporations

$15,757,043

lost to tax evasion committed by private individuals

  • Equivalent to 1.77% tax revenue (GDP in 2020 : $888,257,828 trillion)
  • Equivalent to loss of $436 per member of population (Population: 36,124.50)
  • Greater than Global Average GDP Loss 0.53%
  • Greater than Regional Average GDP Loss 0.58%

Global Rankings

Corporate Tax Haven Index 2019
#32

Global Rank (First is Worst)

100.00/100

Haven Score (100 is Worst)

0.70%

Share of global tax havenry

Financial Secrecy Index 2020
#92

Global Rank (First is Worst)

77.83/100

Haven Score (100 is Worst)

0.34%

Share of global tax secrecy

Harm to other countries

$9,939,694

in tax lost by other countries

$0

by enabling corporate tax avoidance

$9,939,694

by enabling private tax evasion

Responsible for 0.00% of global tax losses
Inflicted tax loss equivalent to yearly salaries of
788 nurses

Social impact of lost tax

Tax loss equivalent to N/A of health budget
Tax loss equivalent to 58.43% of education spendings
Suffered tax loss equivalent to paying yearly salaries of
683 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

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