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Caribbean: share of tax loss caused globally 2020, by country or territory

Published by Marina Pasquali, Apr 14, 2021
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 32.6 percent of the total tax revenue loss caused by offshore wealth relocation, according to 2020 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 percent.

Main enablers of tax evasion in the Caribbean Basin in 2020, by share of tax loss inflicted globally

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Source

Release date

November 2020

Region

LAC

Survey time period

2020

Supplementary notes

* 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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