In the first ever detailed ranking of 60 of the world’s financial hubs, published today by the international research agency Tax Justice Network (TJN), The Netherlands ranks 15th of the 60 financial “tax havens” in the world.

Delaware in the US is officially the world’s most secret financial location. Delaware was found wanting in 11 out of 12 secrecy indicators. London was also ranked in the top five most secretive jurisdictions.

The researchers looked in particular to banking secrecy, the transparency of financial legislation and the degree of financial activities abroad. The Dutch Antilles are ranked at the 38th place in the “Financial Secrecy Index”. The most important tax haven is the U.S. state of Delaware, followed by Luxembourg, Switzerland, the Cayman Islands, the city of London, Ireland, Bermuda, Singapore, Belgium and Hong Kong.

In the fight against tax evasion Tax Justice Network calls for international regulation including the automatic exchange of financial information.