Tag: Tax Justice Network
Cayman drops way down on TJN secrecy ranking
(CNS): The Cayman Islands is no longer the Tax Justice Network‘s most secret jurisdiction. The British overseas territory was rated number one in 2020 and number two in 2021, but this year it has dropped way down to number 14. The United States is now number one, Germany is number seven and Britain itself is […]
Tax report puts Cayman in negative spotlight
(CNS): The report published Friday by the Tax Justice Network identifying the Cayman Islands as the single biggest jurisdiction for global tax losses led to a flurry of negative headlines over the weekend. The government issued a brief statement Friday evening, in which officials said that Cayman supported fair tax systems and noted that it […]
Cayman top of list for global tax losses
(CNS): Public purses around the world are losing over $427 billion in tax each year to international corporate tax abuse and private tax evasion, according to a new global report. The State of Tax Justice 2020, the inaugural edition of what is to be an annual report by the Tax Justice Network, found that more […]
Cayman tops TJN 2020 Secrecy Index
(CNS): The Cayman Islands government hit back at the Tax Justice Network after it topped the TJN Financial Secrecy Index this year for the first time, which happened on the same day that Cayman became the only UK Overseas Territory to be blacklisted by the European Union. Officials here criticised TJN’s methodology and accused it […]
UK territories blamed for bulk of global tax dodging
(CNS): The UK’s overseas territories are largely responsible for the breakdown in the global tax system and helping major global corporations dodge their tax obligations, according to a new report released Tuesday. The British Virgin Islands, Bermuda and the Cayman Islands are listed as the top three jurisdictions in the world that have “aggressively undermined […]
US overtakes Cayman in financial secrecy index
(CNS): The United States has pushed Cayman into third place in the global financial secrecy charts from the Tax Justice Network. The US is now listed as the second largest tax haven in the world, behind Switzerland. The TJN’s 2018 Financial Secrecy Index (FSI), produced in partnership with Transparency International and the Financial Accountability and […]
