US Seen as world’s second-biggest tax haven after Switzerland

(Bloomberg) — The U.S. is the world’s second-largest tax haven, behind Switzerland and just ahead of the Cayman Islands, according to a report released Tuesday.
The Financial Secrecy Index, an assessment of global financial centers compiled by the Tax Justice Network, a left-leaning research and advocacy group, bumped up the U.S. from its No. 3 spot in 2015 — the last time the study was conducted — following its increased share of the global market for offshore financial services.
The U.S. now accounts for about 22 percent of the global market in offshore services, up from 14 percent, according to the report.