Shadow financial index
The Financial Secrecy Index ( Financial Secrecy Index , FSI ) of the Tax Justice Network lists the potential damage to the economy in (finance) in 82 countries and territories.
Determination of the values
The shadow financial index combines qualitative and quantitative data to determine how large a region or country's share of the shadow financial economy is. The two values are
- Secrecy and
- Share of the area or country in the global market for cross-border financial services, d. H. global weighting.
The database consists of laws, regulations and international agreements.
“Shadow financial centers with higher values are less transparent for foreign investors and investments, they reveal less information about their customers and exchange less information with authorities in other countries. They also have less effective anti-money laundering mechanisms. This makes them more attractive for the creation and smuggling of illegal financial flows. "
The results of the confidentiality score are weighted with the aid of the quantitative data. According to the TJN shadow finance index, this expresses the size of the potential damage “that arises from regulatory loopholes or secrecy practices in a certain country / area”.
Index development
A change in the index position does not directly indicate an improvement or deterioration in the respective country.
The 2015 index
Higher values for secrecy and global weighting each indicate greater damage potential. The higher the FSI value, the greater the damage potential of a location, which is reflected in the ranking. The FSI value indicates the potential damage.
The list shows the first 50 countries.
Legend:
Belongs to Great Britain
Commonwealth countries that have left the highest appeal body with the British Crown.
| rank | place | FSI value | confidentiality | Global weighting |
|---|---|---|---|---|
| 1 |
 Switzerland
|
1466.1 | 73 | 5.625 |
| 2 |
 Hong Kong
|
1259.4 | 72 | 3,842 |
| 3 |
 United States
|
1254.7 | 60 | 19.603 |
| 4th |
 Singapore
|
1147.1 | 69 | 4,280 |
| 5 |
 Cayman Islands
|
1013.1 | 65 | 4.857 |
| 6th |
 Luxembourg
|
816.9 | 55 | 11.630 |
| 7th |
 Lebanon
|
760.2 | 79 | 0.377 |
| 8th |
 Germany
|
701.8 | 56 | 6.026 |
| 9 |
 Bahrain
|
471.3 | 74 | 0.164 |
| 10 |
 United Arab Emirates (Dubai) |
440.7 | 77 | 0.085 |
| 11 |
 Macau
|
420.1 | 70 | 0.188 |
| 12 |
 Japan
|
418.3 | 58 | 1.062 |
| 13 |
 Panama
|
415.6 | 72 | 0.132 |
| 14th |
 Marshall Islands
|
405.5 | 79 | 0.053 |
| 15th |
 United Kingdom
|
380.2 | 41 | 17.394 |
| 16 |
 jersey
|
354.0 | 65 | 0.216 |
| 17th |
 guernsey
|
339.3 | 64 | 0.231 |
| 18th |
 Malaysia (Labuan) |
338.7 | 75 | 0.050 |
| 19th |
 Turkey
|
320.9 | 64 | 0.182 |
| 20th |
 People's Republic of China
|
312.1 | 54 | 0.743 |
| 21st |
 British Virgin Islands
|
307.6 | 60 | 0.281 |
| 22nd |
 Barbados
|
298.3 | 78 | 0.024 |
| 23 |
 Mauritius
|
297.0 | 72 | 0.049 |
| 24 |
 Austria
|
295.3 | 54 | 0.692 |
| 25th |
 Bahamas
|
273.0 | 79 | 0.017 |
| 26th |
 Brazil
|
263.6 | 52 | 0.678 |
| 27 |
 Malta
|
260.9 | 50 | 0.990 |
| 28 |
 Uruguay
|
255.5 | 71 | 0.037 |
| 29 |
 Canada
|
251.7 | 46 | 1,785 |
| 30th |
 Russia
|
243.2 | 54 | 0.397 |
| 31 |
 France
|
241.9 | 43 | 3.104 |
| 32 |
 Isle of Man
|
228.5 | 64 | 0.068 |
| 33 |
 Liberia
|
218.2 | 83 | 0.006 |
| 34 |
 Bermuda
|
217.7 | 66 | 0.042 |
| 35 |
 Cyprus
|
213.9 | 50 | 0.518 |
| 36 |
 Liechtenstein
|
202.3 | 76 | 0.010 |
| 37 |
 Ireland
|
187.4 | 40 | 2,313 |
| 38 |
 Belgium
|
181.2 | 41 | 1,863 |
| 39 |
 Guatemala
|
177.1 | 76 | 0.007 |
| 40 |
 Israel
|
173.7 | 53 | 0.166 |
| 41 |
 Netherlands
|
168.3 | 48 | 0.322 |
| 42 |
 Chile
|
166.6 | 54 | 0.120 |
| 43 |
 Saudi Arabia
|
163.8 | 61 | 0.037 |
| 44 |
 Australia
|
148.0 | 43 | 0.586 |
| 45 |
 India
|
148.0 | 39 | 1.487 |
| 46 |
 Philippines
|
146.0 | 63 | 0.020 |
| 47 |
 Vanuatu
|
142.8 | 87 | 0.001 |
| 48 |
 Ghana
|
139.1 | 67 | 0.010 |
| 49 |
 South Korea
|
124.2 | 44 | 0.302 |
| 50 |
 American Virgin Islands
|
118.2 | 69 | 0.004 |
| 51 | ... | ... | ... | ... |
The 2012 index
Higher values for secrecy and global weighting each indicate greater damage potential. The higher the FSI value, the greater the damage potential of a location, which is reflected in the ranking. The FSI value indicates the potential damage.
| rank | place | FSI value | confidentiality | Global weighting |
|---|---|---|---|---|
| 1 |
Switzerland
|
1879.2 | 78 | 0.0606833 |
| 2 |
Cayman Islands
|
1646.7 | 77 | 0.0462181 |
| 3 |
Luxembourg
|
1621.2 | 68 | 0.1312117 |
| 4th |
Hong Kong
|
1370.7 | 73 | 0.0423185 |
| 5 |
United States
|
1160.1 | 58 | 0.2079093 |
| 6th |
Singapore
|
1118.0 | 71 | 0.0312592 |
| 7th |
jersey
|
750.1 | 78 | 0.003742 |
| 8th |
Japan
|
693.6 | 64 | 0.0180129 |
| 9 |
Germany
|
669.8 | 57 | 0.0463449 |
| 10 |
Bahrain
|
660.3 | 78 | 0.002757 |
| 11 |
British Virgin Islands
|
617.9 | 81 | 0.0015035 |
| 12 |
Bermuda
|
539.9 | 85 | 0.0006561 |
| 13 |
United Kingdom
|
516.5 | 45 | 0.2001102 |
| 14th |
Panama
|
471.5 | 77 | 0.0011373 |
| 15th |
Belgium
|
467.2 | 59 | 0.0115379 |
| 16 |
Marshall Islands
|
457.0 | 90 | 0.0002372 |
| 17th |
Austria
|
453.5 | 66 | 0.0039949 |
| 18th |
United Arab Emirates (Dubai) |
439.6 | 79 | 0.0007031 |
| 19th |
Bahamas
|
431.1 | 83 | 0.0004347 |
| 20th |
Cyprus
|
406.5 | 58 | 0.0095209 |
| 21st |
guernsey
|
402.3 | 65 | 0.0029756 |
| 22nd |
Lebanon
|
397.3 | 82 | 0.0003661 |
| 23 |
Macau
|
389.8 | 83 | 0.0003057 |
| 24 |
Canada
|
366.2 | 56 | 0.0086798 |
| 25th |
India
|
344.0 | 53 | 0.0127682 |
| 26th |
Uruguay
|
331.0 | 78 | 0.0003343 |
| 27 |
Malaysia
|
319.3 | 77 | 0.0003369 |
| 28 |
South Korea
|
317.2 | 54 | 0.0085506 |
| 29 |
Liberia
|
316.9 | 81 | 0.000212 |
| 30th |
Barbados
|
266.6 | 79 | 0.0001604 |
| 31 |
Ireland
|
264.2 | 44 | 0.0298402 |
| 32 |
Mauritius
|
261.6 | 74 | 0.0002712 |
| 33 |
Philippines
|
253.9 | 73 | 0.0002625 |
| 34 |
Liechtenstein
|
239.2 | 81 | 0.0000912 |
| 35 |
 Italy
|
231.2 | 49 | 0.0080645 |
| 36 |
Isle of Man
|
230.4 | 65 | 0.0005964 |
| 37 |
Israel
|
230.3 | 58 | 0.0015771 |
| 38 |
 Turks and Caicos Islands
|
218.9 | 90 | 0.000026 |
| 39 |
Netherlands
|
199.7 | 49 | 0.0048905 |
| 40 |
 Belize
|
198.4 | 90 | 0.0000197 |
| 41 |
 Costa Rica
|
177.2 | 77 | 0.0000613 |
| 42 |
Guatemala
|
174.8 | 81 | 0.0000375 |
| 43 |
 Gibraltar
|
174.6 | 78 | 0.0000476 |
| 44 |
Ghana
|
146.8 | 79 | 0.0000264 |
| 45 |
 Andorra
|
133.6 | 73 | 0.0000392 |
| 46 |
.svg){kind=small} Netherlands Antilles
|
129.4 | 83 | 0.0000112 |
| 47 |
 Aruba
|
124.9 | 74 | 0.0000286 |
| 48 |
 Denmark
|
121.7 | 40 | 0.0075233 |
| 49 |
 Botswana
|
121.3 | 79 | 0.0000157 |
| 50 |
 Madeira (Portugal) |
119.4 | 51 | 0.0007924 |
Web links
- Website for Financial Secrecy Index (English) of the Tax Justice Network
Individual evidence
- ↑ financialsecrecyindex.com ( Memento of the original from August 28, 2013 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Info Tax Justice, April 2012 (PDF; 339 kB), p. 1.
- ↑ Info tax justice. Information letter from the Tax Justice Network Germany. No. 6, April 2012 (PDF; 339 kB), p. 1.
- ↑ View 2020 results. Tax Justice Network , accessed March 13, 2020 .
- ↑ What does a change in the ranking mean? Retrieved March 13, 2020 .
- ↑ Financial Secrecy Index - 2015 Results ( Memento of the original dated December 8, 2015 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
