The Corporate Tax Haven Index is a ranking of jurisdictions most complicit in helping multinational corporations underpay #corporate income tax. CTHI evaluates each jurisdiction’s tax and financial systems to create a clear picture of the world’s greatest enablers of global corporate #tax#abuse, It highlights the laws and policies that policymakers can amend to reduce their jurisdiction’s enabling of corporate tax abuse. Combining a jurisdiction’s Haven Score and Global Scale Weight gives a picture of how much of the world’s corporate financial activity is put at risk of corporate tax abuse.
Total amount of legal entities registered in Luxembourg was set at a level of 139 430 by the end of 2021. Such legal entities comprise complex structures defined and bound by historical set up. Why? Because it was a common practice before #AMLD4 when the word got to know what a #UBO is and how they have to disclose their #ownerships.
Most recent ML/TF VERTICAL RISK ASSESSMENT from Ministere de la Justice confirms below graph and describes #inherent as well as #residual ML/TF risks linked to Tax crimes, vulnerability of different legal structures to ML/TF threats and #mitigations measures in place to lower probability of potential misuse. Such documents is a MUST read and a MUST understand if you want to talk REAL AML/CFT business and individual risk assessment.
Get in touch with us, shall you struggle with understanding tax risks and shall you feel that your Risk Assessment needs improvement.