Editing Vanuatu (section)

=== Taxation ===
Financial services are an important part of the economy. Vanuatu is a [[tax haven]] that until 2008 did not release account information to other governments or law-enforcement agencies.<ref>{{Cite web |last=Murphy |first=Richard |title=Another one bites the dust: Vanuatu gives up being a tax haven |url=https://www.taxresearch.org.uk/Blog/2008/05/06/another-one-bites-the-dust-vanuatu-gives-up-being-a-tax-haven/ |access-date=2024-11-18 |website=Funding the Future |language=en}}</ref> International pressure, mainly from Australia, influenced the Vanuatu government to begin adhering to international norms to improve transparency. In Vanuatu, there is no [[income tax]], [[withholding tax]], [[capital gains tax]], [[inheritance tax]], or exchange control.<ref>{{Cite journal |last=Schlegelmilch |first=Kai |date=April 2010 |title=Country case study Vanuatu |url=https://foes.de/pdf/2010-09-29%20Vanuatu%20-%20FINAL.pdf |journal=Options for Promoting Environmental Fiscal Reform in EC Development Cooperation}}</ref> Many international ship-management companies choose to flag their ships under the Vanuatu flag, because of the tax benefits and favourable labour laws (Vanuatu is a full member of the [[International Maritime Organization]] and applies its international conventions). Vanuatu is recognised as a "[[flag of convenience]]" country.<ref>{{cite web |url=http://www.itfglobal.org/flags-convenience/flags-convenien-183.cfm |title=International Transport Workers' Federation: FOC Countries |publisher=Itfglobal.org |date=6 June 2005 |access-date=29 August 2011 |archive-url=https://web.archive.org/web/20100718210353/http://www.itfglobal.org/flags-convenience/flags-convenien-183.cfm |archive-date=18 July 2010 }}</ref> 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.<ref>{{Cite web |last=admin |date=2017-05-03 |title=Offshore banking in Vanuatu |url=https://www.globalfinances.net/vanuatu/ |access-date=2024-11-18 |website=Global Finances |language=en-GB}}</ref> In response to foreign concerns, the government has promised to tighten regulation of its [[offshore financial centre]]. Vanuatu receives [[foreign aid]] mainly from Australia and New Zealand.

[[File:Commercial agriculture, North Efate.jpg|thumb|[[Commercial agriculture]], North Efate|352x352px]]