2. resources (fish) is widely corrupt and just a few billioners reap the benefits (proportionally)
3. there are loopholes. Shippers who work for a faroe islands company, work abroad, has their residence in an other country pay 0% tax (something like that)
4. the tax code has not much less complexity than say norway.
This should be something like "Malta, to become nails, next".
spiker = nails