Top Spanish tax agent says OECD TIEAs are feeble
On the subject of Tax Information Exchange Agreements (TIEA's), he cautions against expectations that they would yield vast additional revenues for Spain:
"These accords were signed under huge international pressure and because the countries wanted to improve their image ... I have no doubt that these countries will continue to resist full cooperation as hard as possible, so we must really ensure that the end result is not that they get a better reputation without actually handing over a lot more information."
Absolutely, bang on the button - and just as we have been saying.
Hat tip - Chris Jordan.