- The Financial Secrecy Index ranks jurisdictions according to their secrecy and the scale of their offshore financial activities. The current index was released on November 2, 2015.
- It estimates $21 to $32 trillion of private financial wealth is located, untaxed or lightly taxed, in secrecy jurisdictions around the world. Secrecy jurisdictions - a term used as an alternative to term tax havens - use secrecy to attract illicit and illegitimate or abusive financial flows.
- Illicit cross-border financial flows are estimated at $ 1 - 1.6 trillion per year:. Since the 1970s African countries alone have lost over $ 1 trillion in capital flight, while combined external debts are less than $200 billion. So Africa is a major net creditor to the world - but its assets are in the hands of a wealthy élites, protected by offshore secrecy; while the debts are shouldered by broad African populations.
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Read: http://www.financialsecrecyindex.com/index.php/introduction/fsi-2015-results
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