"Vanuatu is a tax haven that until 2008 did not release account information to other governments or law-enforcement agencies. International pressure, mainly from Australia, influenced the Vanuatu government to begin adhering to international norms to improve transparency. In Vanuatu, there are no income tax, no withholding tax, no capital gains tax, no inheritance taxes, or exchange controls. A disproportionately large number of ship-management companies choose to flag their ships under the Vanuatu flag, because of the tax benefits and favorable labor laws. Several file-sharing groups, such as the providers of the KaZaA network of Sharman Networks and the developers of WinMX, have chosen to incorporate in Vanuatu to avoid regulation and legal challenges."
This link:
http://en.wikipedia.org/wiki/Vanuatu
Has this quote:
"Vanuatu is a tax haven that until 2008 did not release account information to other governments or law-enforcement agencies. International pressure, mainly from Australia, influenced the Vanuatu government to begin adhering to international norms to improve transparency. In Vanuatu, there are no income tax, no withholding tax, no capital gains tax, no inheritance taxes, or exchange controls. A disproportionately large number of ship-management companies choose to flag their ships under the Vanuatu flag, because of the tax benefits and favorable labor laws. Several file-sharing groups, such as the providers of the KaZaA network of Sharman Networks and the developers of WinMX, have chosen to incorporate in Vanuatu to avoid regulation and legal challenges."