World’s Top Enabler of Financial Secrecy Is the United States
- Most G-7 countries slow progress on transparency, index shows
- $10 trillion of wealth is held offshore globally, report says
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For individuals looking to hide their wealth, there’s no country more helpful than the United States.
That’s according to research by the Tax Justice Network, which ranked countries by the extent their financial and legal systems help people and entities conceal ownership of assets. According to this measure, the US has increased its supply of financial secrecy to the world by almost a third since 2020, earning it the worst rating since rankings began in 2009.