Well I am more so talking about income taxes, although I didn't specify that is what this thread was about beforehand. Many places have a passive tax on some as

Well I am more so talking about income taxes, although I didn't specify that is what this thread was about beforehand. Many places have a passive tax on some aspect, such as tourism, have high fees for certain businesses such as incorporation and licensing fees, and have also nationalized a particular industry. In any case, Cayman's infrastructure was decent compared to other neighboring islands and countries. Since you asked. Indeed many countries are selling incorporation services to stuff government coffers. The point is that where there is a will there is a way for a governing institution to fund itself, and it by no means offers any solution for countries that are overbudget and uncompetitive in this front.