Contact Us

+350 20079000 info@hassans.gi

This data will only be used by Hassans for processing your query and for no other purpose. View our privacy policy
| 1 minute read

The Corporate Tax Haven Index 2021 is a vote of confidence in Gibraltar’s tax system

Earlier this month the Tax Justice Network released its biennial Corporate Tax Haven Index.

Gibraltar has been ranked 30th in the global list, behind countries such as Spain, the United Kingdom and the United States.

Jurisdictions are ranked by combining their Haven Score and Global Scale Weight.  A jurisdiction’s Haven Score is a measure of how much scope for corporate tax abuse the jurisdiction’s tax and financial systems allow and is assessed against 20 indicators.  A jurisdiction’s Global Scale Weight is a measure of how much financial activity from multinational corporations the jurisdiction hosts. 

The fact that Gibraltar ranks behind some of the bigger nations should come as no surprise, not least given Gibraltar’s commitment to tax transparency, tax reporting and robust legal system designed to inhibit corporate tax abuse.

The Tax Justice Network is not the first organisation to validate Gibraltar’s tax system: last year the Organisation for Economic Cooperation and Development (OECD) found that Gibraltar was "largely compliant" with OECD benchmarks on tax transparency, the same rating as major economies around the globe and the second-highest in the OECD’s ranking.

Finally, the entry into force of a tax treaty between Spain and UK in respect of Gibraltar paves the way for Gibraltar to be delisted as a tax haven for Spanish tax purposes, a move which the Spanish Government has committed to formalise in due course subject to the successful implementation and operation of the treaty. 

The Tax Justice Network believes our tax and financial systems are our most powerful tools for creating a just society that gives equal weight to the needs of everyone. cthi.taxjustice.net/...

Top-ranked in all practice areas in Legal 500 EMEA 2024

Hassans is pleased to announce that it has once again achieved top tier rankings in all areas covered by Legal 500 EMEA for Gibraltar....

Posted on
Read more

Latest Insights

Upcoming compulsory pensions deadlines for Medium, Small and Micro companies

As many employers will be aware, following the enactment of the Private Sector Pensions Act 2019 (“the Act”), which came into force in...

Posted on
Read more

Ethical Gambling Forum 2024

The Ethical Gambling Forum 2024 was held at the Sunborn Hotel, Gibraltar, last week attended by gambling operators and service providers...

Posted on
Read more

Insurance and Reinsurance Comparative Guide

Hassans' Head of Insurance Yvonne Chu has contributed to Lexology's most recent Panoramic Guide relating to Insurance and Reinsurance. ...

Posted on
Read more