The Sage of Ely:
The US initialed this protocol six years ago, on the same day that the UK did. But it’s never progressed its involvement and as such is not a real party to the process. Its presence on this list is a mere token as a result. After six years of waiting its very clear that the USA does not want to partake in mutual administrative assistance on tax matters.
And that’s why it is now the most problematic tax haven in the world.
It’s a Treaty, It has to get through the Senate. You know, elected politicians?
Democracy’s a bugger….