Eight jurisdictions in the Caribbean were responsible for almost one third of all tax revenues lost due to evasion in the world. Collectively, all the countries and territories included in this graph accounted for 33.1 percent of the total tax revenue loss caused by offshore wealth relocation, according to 2021 estimates. Thanks 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 26.6 percent.
Main enablers of tax evasion in the Caribbean Basin in 2021, 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. (November 16, 2021). Main enablers of tax evasion in the Caribbean Basin in 2021, by share of tax loss inflicted globally [Graph]. In Statista. Retrieved May 23, 2022, 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 2021, by share of tax loss inflicted globally." Chart. November 16, 2021. Statista. Accessed May 23, 2022. https://www.statista.com/statistics/1224445/share-tax-loss-inflicted-globally-caribbean-country/
Tax Justice Network. (2021). Main enablers of tax evasion in the Caribbean Basin in 2021, by share of tax loss inflicted globally. Statista. Statista Inc.. Accessed: May 23, 2022. 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 2021, by Share of Tax Loss Inflicted Globally." Statista, Statista Inc., 16 Nov 2021, 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 2021, by share of tax loss inflicted globally Statista, https://www.statista.com/statistics/1224445/share-tax-loss-inflicted-globally-caribbean-country/ (last visited May 23, 2022)
