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Every year or two, an economic “blacklist” is made public to warn people as to what jurisdictions are not in compliance with world economic standards.
If you're a serious entrepreneur and looking to form a tax efficient company, Labuan might be the place for you... especially if you trade across Asia.
The UN has condemned one country for “using extortion, threats of violence” to collect taxes from its nonresident citizens. It then turns a blind eye to another country doing exactly the same thing…but much worse.
It’s understandable that the great majority of people invariably ignore the Babsons of the world as Chicken Littles and blithely charge toward the cliff like lemmings.