US overtakes Caymans and Singapore as haven for assets of super-rich

But financial secrecy index report notes if UK and affiliated tax havens such as Jersey were treated as one, it would top the list

The US has overtaken Singapore, Luxembourg and the Cayman Islands as an attractive haven for super-rich individuals and businesses looking to shelter assets behind a veil of secrecy, according to a study by the Tax Justice Network (TJN).

The US is ranked third, behind Switzerland and Hong Kong, in the financial secrecy index, produced every two years by TJN.

Related: Inequality is the great concern of our age. So why do we tolerate rapacious, unjust tax havens? | Gabriel Zucman

Related: Delaware is first choice as tax haven