This article was first published 12 years ago

Most secretive tax havens in the world

Last updated on: February 1, 2013 09:21 IST

Image: A view of Oxford Circus in London.
Photographs: Stefan Wermuth/Reuters

The ultra-rich all across the world have found that when it comes to hiding legal and illegal money from authorities there's no better option than to keep it hidden in tax havens.

Let's take a look at some of the most secretive tax havens in the world.

Source: CNBC

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CNBC

Image: Zach Andrews casts a fishing line into a pond at Bellevue State Park near Wilmington, Delaware.
Photographs: Tim Shaffer/Reuters

Delaware (United States)

Financial Secrecy Index Value: 1503.80

Opacity Score: 92

Weighted Score: 0.17767

Global rank: 1

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United States

Image: A woman reads during a sunny day in the city of Luxembourg.
Photographs: Francois Lenoir/Reuters

Luxembourg

Financial Secrecy Index Value: 1127.02

Opacity Score: 87

Weighted Score: 0.14890

Global rank: 2

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Luxembourg

Image: Zurich's main shopping street Bahnhofstrasse.
Photographs: Arnd Wiegmann/Reuters

Switzerland

Financial Secrecy Index Value: 513.40

Opacity Score: 100

Weighted Score: 0.05134

Global rank: 3

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Switzerland

Image: A government building in capital George Town.
Photographs: Shurna Robbins/Reuters

Cayman Islands

Financial Secrecy Index Value: 403.48

Opacity Score: 92

Weighted Score: 0.04767

Global rank: 4

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Image: Oxford Street in London.
Photographs: Paul Hackett/Reuters

London (United Kingdom)

Financial Secrecy Index Value: 347.79

Opacity Score: 42

Weighted Score: 0.19716

Global rank: 5

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United Kingdom London

Image: A woman cycles past the 'Coffee To Get Her' restaurant near Dublin city centre, which becomes a bar and club in the evenings.
Photographs: Cathal McNaughton/Reuters

Ireland

Financial Secrecy Index Value: 143.73

Opacity Score: 62

Weighted Score: 0.03739

Global rank: 6

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Ireland

Image: High winds and rising surf come ashore in Hamilton, Bermuda.
Photographs: Kat Jackson/Reuters

Bermuda

Financial Secrecy Index Value: 122.30

Opacity Score: 92

Weighted Score: 0.01445

Global rank: 7

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Bermuda

Image: Garden of Light, an animation by Hexogon Solution of Singapore, is projected on the ArtScience Museum during a media preview of the i Light Marina Bay sustainable light art festival in Singapore.
Photographs: Edgar Su/Reuters

Singapore

Financial Secrecy Index Value: 62.4

Opacity Score: 79

Weighted Score: 0.01752

Global rank: 8

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Singapore

Image: Tourists walk in Brussels' Royal Galleries of Saint Hubert.
Photographs: Sebastien Pirlet/Reuters

Belgium

Financial Secrecy Index Value: 53.3

Opacity Score: 73

Weighted Score: 0.01475

Global rank: 9

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Belgium

Image: A view of the Central district in Hong Kong.
Photographs: Bobby Yip/Reuters

Hong Kong

Financial Secrecy Index Value: 76.34

Opacity Score: 62

Weighted Score: 0.01986

Global rank: 10

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Hong Kong

Image: A view of Jersey Airport.
Photographs: Source: Man vyi/Wikipedia Commons

Jersey

Financial Secrecy Index Value: 76.22

Opacity Score: 87

Weighted Score: 0.01007

Global rank: 11

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Image: A traditional Fiaker horse carriage passes Burgtheater theatre on Dr-Karl-Lueger-Ring street in Vienna.
Photographs: Heinz-Peter Bader/Reuters

Austria

Financial Secrecy Index Value: 42.32

Opacity Score: 91

Weighted Score: 0.00511

Global rank: 12

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Austria