An excellent blog
on Guernsey's new Foundations law, which we linked to recently. Tax Research looks at how Guernsey is targeting China, Russia and Latin America with its new Foundations law. But look at who it has signed tax information exchange agreements (TIEAs) with - no countries at all in China, Russia or Latin America!
And that leaves aside the fact that these TIEAs are (almost) not worth the paper they are printed on.
The evidence is clear. The blog is a short one, worth reading in full
. And for background on this appalling game, click here