Coming out ahead of both Switzerland and Luxembourg, the American state of Delaware was ranked first as the most opaque tax haven by the Tax Justice Network. The TJN is an organization whose mandate is to promote transparency in international finance.
Although Switzerland received the highest score for secrecy, here called opacity, along with several other countries such as Malaysia and small Caribbean countries like Barbados, when calculated together with the country’s importance as a place of cross-border financial activity, Delaware outranked these other countries.
The outcome of the ranking is as follows:
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