8. Luxembourg
Bank Score: 2 FSI Score: 16 Total Score: 18
(FSI Score breakdown: FSI Rank: 6; FSI 816.9)
The Grand Duchy of Luxembourg is a microstate, wedged between Germany, Belgium, and France. It is the largest tax haven in EU. Similar to Switzerland, their success is based on secrecy. Whistleblowers can easily end up in jail in Luxemburg. Growing pressure from Brussels may soon put an end to the most profitable sector of Luxemburg’s economy.
PHOTOCREO Michal Bednarek/Shutterstock.com
