Event description
On 17 May, we will launch the latest edition of the Financial Secrecy Index, a ranking of countries most complicit in helping individuals to hide their finances from the rule of law. First published in 2009, the index is now established as the key ranking of secrecy jurisdictions around the world. The Financial Secrecy Index spotlights the laws and policies that governments can change to reduce their contribution to global financial secrecy.
An estimated $10 trillion is held offshore beyond the rule of law by wealthy individuals through secretive arrangements – equivalent to 2.5 times more than the value of all US dollar and EURO bills and coins in circulation around the world today. That lawless wealth is a threat to countries’ democracies, economies, and to the rights and safety of their populations.
The 2022 update is set to come with its own fireworks as those countries responsible for the greatest worldwide threat of lawless wealth are revealed. With the G7 group of countries actively pursuing sanctions on Russian oligarchs, where are the obstacles to identifying the true owners – and what of the G7 themselves? Come and join us to find out at the global media launch.
This event is part of a series of online public events the Tax Justice Network is hosting that will discuss critical opportunities in 2022 to meet pressing global urgencies with global tax progress. The event series will bring together high-level policymakers, leading economists and renowned campaigners to discuss the most pivotal tax justice policy developments of 2022, how tax justice policies can be implemented and who should lead reform of the global tax system. Learn more about Tax Justice Series 2022 here.