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The Final Days of a #Tax #Haven

source: https://www.bloomberg.com/news/features/2017-11-15/the-final-days-of-a-tax-haven
For #Vanuatu, there’s no turning back. One way or another, it faces disruptive change today as surely as it did back when James Michener was stationed here as a young U.S. Navy officer during World War II. The noose is tightening on tax havens, and Salwai or his successors will need to find new strategies to attract overseas talent and #capital. For this remarkable Bali Hai-like nation of azure lagoons, hidden waterfalls, and volcanic lava-showers, a second act can’t come soon enough.
#economy #politics #news #money

This Remote South Pacific Nation Faces the Fallout from the Paradise Papers

Vanuatu ponders its economic destiny.
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