to put things in context, malta is an island country in Europe with a population of ~500k, and a gdp of ~$17B, truly a small state. i think it would be very har

to put things in context, malta is an island country in Europe with a population of ~500k, and a gdp of ~$17B, truly a small state. i think it would be very hard for them to compete with a bigger, more developed country without the incentives you mention. of course taxes are just a part of the discussion, but a part nonetheless.