FINANCIAL SECRECY INDEX 2022:- Guernsey is 10th, UK 13TH, Jersey 19TH Mauritius 55TH and IOM 61ST
19/05/2022
It is suggested by the Tax Justice Network [TJN] that FINANCIAL SECRECY facilitates:-
- Tax abuse,
- Enables money laundering, and
- Undermines the human rights of all.
In response the TJN publish an annual “Financial Secrecy Index” [https://fsi.taxjustice.net/] – the index is a ranking of jurisdictions most complicit in helping individuals to hide their finances from the rule of law.
The index identifies the world’s biggest suppliers of financial secrecy and spotlights the laws that governments can change to reduce their contribution to financial secrecy.
How does it work?
- Jurisdictions are ranked by their FSI value to identify the world’s biggest suppliers of financial secrecy.
- A bigger supplier of financial secrecy doesn’t always mean a more secretive jurisdiction.
- Unlike tax haven blacklists which usually only factor in laws, the index more accurately captures how laws and financial activity intersect in the real world to create secrecy.
- For example:- Panama [ranked #18] is more secretive than the UK [ranked #13] but the UK is used far more often as a destination for offshore wealth, making the UK a bigger supplier of secrecy in practice.
FULL METHODOLOGY = https://fsi.taxjustice.net/fsi2022/methodology.pdf
FINANCIAL SECRECY INDEX 2022 = Guernsey is 10th, UK 13TH, Jersey 19TH Mauritius 55TH and IOM 61ST
The Team
Meet the team of industry experts behind Comsure
Find out moreLatest News
Keep up to date with the very latest news from Comsure
Find out moreGallery
View our latest imagery from our news and work
Find out moreContact
Think we can help you and your business? Chat to us today
Get In TouchNews Disclaimer
As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.
As well as owning and publishing Comsure's copyrighted works, Comsure wishes to use the copyright-protected works of others. To do so, Comsure is applying for exemptions in the UK copyright law. There are certain very specific situations where Comsure is permitted to do so without seeking permission from the owner. These exemptions are in the copyright sections of the Copyright, Designs and Patents Act 1988 (as amended)[www.gov.UK/government/publications/copyright-acts-and-related-laws]. Many situations allow for Comsure to apply for exemptions. These include 1] Non-commercial research and private study, 2] Criticism, review and reporting of current events, 3] the copying of works in any medium as long as the use is to illustrate a point. 4] no posting is for commercial purposes [payment]. (for a full list of exemptions, please read here www.gov.uk/guidance/exceptions-to-copyright]. Concerning the exceptions, Comsure will acknowledge the work of the source author by providing a link to the source material. Comsure claims no ownership of non-Comsure content. The non-Comsure articles posted on the Comsure website are deemed important, relevant, and newsworthy to a Comsure audience (e.g. regulated financial services and professional firms [DNFSBs]). Comsure does not wish to take any credit for the publication, and the publication can be read in full in its original form if you click the articles link that always accompanies the news item. Also, Comsure does not seek any payment for highlighting these important articles. If you want any article removed, Comsure will automatically do so on a reasonable request if you email info@comsuregroup.com.