Nov
02
Hong Kong, Singapore Rise in Global Financial Secrecy Rankings
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Hong Kong ranks second, Singapore fourth, index shows
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Cities increased ranking by one level from previous report
Hong Kong and Singapore have increased their ranking for financial secrecy, with the Chinese territory rising to number two behind only Switzerland in a 2015 index of the world’s offshore havens compiled by the Tax Justice Network.
Both Asian financial hubs have made insufficient reforms to their corporate secrecy regimes, according to the London-based TJN, which campaigns for greater transparency in finance. Singapore’s ranking moved to fourth from the fifth place it held in the organization’s previous index in 2013, when Hong Kong placed third…
Hong Kong, Singapore Rise in Global Financial Secrecy Rankings
