Here's my naive take: Tax havens, flags of convenience, etc. are allowed to exist by the international community because they benefit the powerful. A jurisdicti

Here's my naive take: Tax havens, flags of convenience, etc. are allowed to exist by the international community because they benefit the powerful. A jurisdiction doing this would likely benefit the weak, rather than the powerful. China have managed it to an extent only because they have the economic clout to resist international pressure.