In a study conducted in 2021, the Cayman Islands were found to be the territory that most enabled private tax evasion in the world. This Caribbean jurisdiction caused a total tax revenue harm of more than 136 billion U.S. dollars globally, considering the volume of taxes avoided or evaded worldwide by corporations operating in its territory. The British Virgin Islands ranked second in the Latin American and Caribbean region, with almost 15.4 billion dollars of tax avoidance or evasion harm inflicted on other countries around the globe. Both these Caribbean dependencies received the highest corporate tax haven index score that same year.
Largest enablers of tax avoidance and tax evasion in Latin America and the Caribbean in 2021
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Tax avoidance
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Tax Justice Network. (November 16, 2021). Largest enablers of tax avoidance and tax evasion in Latin America and the Caribbean in 2021 (in million U.S. dollars) [Graph]. In Statista. Retrieved July 03, 2024, from https://www.statista.com/statistics/1224443/tax-evasion-avoidance-latin-america-caribbean-country/
Tax Justice Network. "Largest enablers of tax avoidance and tax evasion in Latin America and the Caribbean in 2021 (in million U.S. dollars)." Chart. November 16, 2021. Statista. Accessed July 03, 2024. https://www.statista.com/statistics/1224443/tax-evasion-avoidance-latin-america-caribbean-country/
Tax Justice Network. (2021). Largest enablers of tax avoidance and tax evasion in Latin America and the Caribbean in 2021 (in million U.S. dollars). Statista. Statista Inc.. Accessed: July 03, 2024. https://www.statista.com/statistics/1224443/tax-evasion-avoidance-latin-america-caribbean-country/
Tax Justice Network. "Largest Enablers of Tax Avoidance and Tax Evasion in Latin America and The Caribbean in 2021 (in Million U.S. Dollars)." Statista, Statista Inc., 16 Nov 2021, https://www.statista.com/statistics/1224443/tax-evasion-avoidance-latin-america-caribbean-country/
Tax Justice Network, Largest enablers of tax avoidance and tax evasion in Latin America and the Caribbean in 2021 (in million U.S. dollars) Statista, https://www.statista.com/statistics/1224443/tax-evasion-avoidance-latin-america-caribbean-country/ (last visited July 03, 2024)
Largest enablers of tax avoidance and tax evasion in Latin America and the Caribbean in 2021 (in million U.S. dollars) [Graph], Tax Justice Network, November 16, 2021. [Online]. Available: https://www.statista.com/statistics/1224443/tax-evasion-avoidance-latin-america-caribbean-country/