Eight jurisdictions in the Caribbean accounted for nearly one-third of all tax revenue lost to tax evasion worldwide. Taken together, all the countries and territories included in this chart accounted for 32.4 percent of the total tax revenue loss due to offshore wealth shifting, according to 2023 estimates. Due to a legal and financial system that enables tax avoidance and evasion, the Cayman Islands had the largest share of tax revenue loss inflicted on other countries in the world, at 25.6 percent.
Main enablers of tax evasion in the Caribbean Basin in 2023, by share of tax loss inflicted globally
* Percentage of tax revenue lost globally as a result of evasion and abnormal deposits in each jurisdiction. The figures represent the estimated contribution of each country or territory to the problem of offshore wealth and the respective tax loss inflicted on other countries around the world.
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Tax Justice Network. (August 23, 2024). Main enablers of tax evasion in the Caribbean Basin in 2023, by share of tax loss inflicted globally [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1224445/share-tax-loss-inflicted-globally-caribbean-country/
Tax Justice Network. "Main enablers of tax evasion in the Caribbean Basin in 2023, by share of tax loss inflicted globally." Chart. August 23, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1224445/share-tax-loss-inflicted-globally-caribbean-country/
Tax Justice Network. (2024). Main enablers of tax evasion in the Caribbean Basin in 2023, by share of tax loss inflicted globally. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1224445/share-tax-loss-inflicted-globally-caribbean-country/
Tax Justice Network. "Main Enablers of Tax Evasion in The Caribbean Basin in 2023, by Share of Tax Loss Inflicted Globally." Statista, Statista Inc., 23 Aug 2024, https://www.statista.com/statistics/1224445/share-tax-loss-inflicted-globally-caribbean-country/
Tax Justice Network, Main enablers of tax evasion in the Caribbean Basin in 2023, by share of tax loss inflicted globally Statista, https://www.statista.com/statistics/1224445/share-tax-loss-inflicted-globally-caribbean-country/ (last visited November 21, 2024)
Main enablers of tax evasion in the Caribbean Basin in 2023, by share of tax loss inflicted globally [Graph], Tax Justice Network, August 23, 2024. [Online]. Available: https://www.statista.com/statistics/1224445/share-tax-loss-inflicted-globally-caribbean-country/
