Wealthy countries that set global tax rules are biggest enablers of corporate tax abuse, report finds
Tax Justice Network ranks OECD members and British overseas territories highest in its 2021 corporate tax haven index, advocating for the UN to set standards instead.
The British Virgin Islands topped Tax Justice Network’s 2021 Corporate Tax Haven Index.
The world’s wealthiest countries that help set global tax standards are actually responsible for the majority of corporate tax abuses around the world, a new report has found.
The Tax Justice Network’s 2021 Corporate Tax Haven Index, which ranks the countries “most complicit in helping multinational corporations pay less tax than they are expected to,” pegs six jurisdictions that are part of the Organisation for Economic Cooperation and Development — the British Virgin Islands, the Cayman Islands, Bermuda, the Netherlands, Switzerland and Luxembourg — as the biggest enablers of corporate tax avoidance worldwide.