The Financial Secrecy Index Review 2016
- Report on the Stakeholder Survey
- United Kingdom Tax Justice Network 2016
- 117p.
- Vol. 18, No. 4 June 2016 .
The Financial Secrecy Index (FSI) is the Tax Justice Network’s flagship index, in effect a ranking of tax havens. The index aggregates multiple indicators of financial secrecy into a single secrecy score, and then combines this with a measure of each jurisdiction’s global scale in order to capture the contribution to global financial secrecy. The FSI was conceived in 2007 and published every two years since 2009. While some methodological improvements have been made since then, 2016 has been chosen for the first full-scale review of the index. In addition to a range of detailed discussions with key stakeholders, the review includes two major components: one, an independent statistical audit; the other, a stakeholder survey. It is the results of the survey that we present here. In combination with the statistical audit, these results will form the basis for a series of proposed reforms of the FSI, which will be developed and tested with tax and financial experts.
