Top 5 Offshore Tax Havens in the World

1. United States

FSI Value: 1,951

The United States ranks first on the Financial Secrecy Index 2022, with a remarkable global scale weight of 25.8% and an FSI share of 5.74%. It has emerged as a new global tax haven—overtaking the Cayman Islands and other popular tax havens—due to its strong financial sector, competitive corporate tax system, and favorable business environment. 

Several US states—such as South Dakota, Nevada, and Delaware—are emerging as growing competitors to popular offshore tax havens like the Cayman Islands, Bahamas, and Malta. They also make ideal destinations for foreign investors who want to hide their capital from tax authorities, creditors, and law enforcement agencies. According to a report by Business Insider, U.S. States and secretive trusts across the country hold billions of untaxed dollars. The US is also not a participant for the Common Reporting Standards.

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