Here is the list of tax “paradises” around the world

By Vangelis Dourakis

‘Black Money Shelter’ consist of 39 tax ‘Paradise’ around the world, countries where domestic audit authorities are falling into ‘Wall’ Whenever they are looking for ‘Hidden’ Deposits and undeclared income of Greek citizens. Indeed, by decision of the Minister of National Economy and Finance itself Kyriakou Pierrakakis and the Deputy Minister George Kotsirasa list has been set up to name what these countries are.

This list recommends ‘Bouquet’ For audit services, as the relevant decision (A1126/2025) records the 39 non -cooperative states in the tax sector under paragraphs 1 to 4 of article 65 of Law 4172/2013.

Which states are included in the list of ‘paradise’ tax

In other words, it includes states or areas of jurisdiction or overseas countries or territories that are under any specific connection or dependence status within the meaning of international law and which have not cooperated on tax issues with other countries.

The 39 states which are considered non -cooperative and hide information on the investment of foreign residents are as follows:

1. Angola
2. Haiti
3. Ctler Coast
4. Algeria
5. Nun
6. Antigua and Barbuda
7. Banuatu
8. Lesoto kingdom
9. British Virgo Islands
10. Gabon
11. Ghana
12. Guyana
13. Guinea
14. Guatemala
15. Zambia
16. Zimbabwe
17. Kazakhstan
18. Cambodia
19. Congo (its Republic)
20. Belarus
21. Liberia
22. Madagascar
23. Male
24. Belize
25. Montenegro
26. Niger
27. Nicaragua
28. Hondura
29. Palau
30. Panama
31. Seychelles
32. Sierra Leone
33. Tanzania
34. Togo
35. Trinidad and Tobago
36. Jimbut
37. Rank
38. Philippines
39. Fiji

Refuse to give information about their customers

It should be noted here that on the initiative of OECD An international network of states was created, which cooperates with the exchange of information on investment and assets owned by residents of other states.

Each state informs the rest of the states of their investment in residents and itself derives information on the investments they have in other states, its own tax residents.

And while in the particular “platform” More than 100 states are involved, it is observed that 39 states refuse to comply and provide information on investment of foreign residents.

In practice, this means that the X person who has his tax residence in Greece and has deposits and other assets eg. In Liberia, which derives from undeclared income, it is safe against a possible control by the Tax Office, as Liberia authorities will not provide information to AADE for the amount of its investments.

In this way a one is created a ‘Black’ hole in trying to combat black money trafficking worldwide.

In contrast, more than 100 states exchange information with each other on investment of foreign residents, within their territory.

The data relate to names, addresses, VAT IDs, numbers and balances of bank accounts, interest, dividends, revenue from the sale or acquisition of financial assets paid or credited to the account.