The Tax Justice Network’s index, released every two years, has ranked Australia 48th in the world on how intensely our legal and financial system allows wealthy individuals and criminals to hide and launder money extracted from around the world:
The Cayman Islands ranked as the world’s biggest contributor to financial secrecy, as a result of the once-notorious tax haven increasing the volume of financial services it provides to non-residents…
In second place was the United States, overtaking Switzerland (now ranked third).
