Looking to hide those tax-free millions, then don’t look to Croatia. The Tax Justice Network have released findings on the billions of private financial wealth that is hidden in tax havens around the world and Switzerland is the leading tax oasis with no questions asked.
There is an estimated 21,000 to 32,000 billions of dollars of private wealth in the world that is hid away in tax havens according to Tax Justice Network. And the world’s richest people look to Switzerland to avoid paying taxes. In fact, Tax Justice Network lists Switzerland as the most financially corrupt country in the world.
"Switzerland is the grandfather of tax havens in the world, one of the world's largest offshore financial centres and one of the largest jurisdictions for securing financial secrets," commented the network.
The second is America, the third is the Cayman Islands, followed by Hong Kong and Singapore.
Croatia is ranked in 79th position from the 112 countries surveyed in the report.