|Several late adopters have worked in an additional year delay for low value accounts||
The OECD gave early adopters an extra year to do due dilligence on low value accounts. Yet some late adopter countries have abused the extra year rule, to sneak in an extra year for due dilligence on low value accounts. This is in effect a two year delay or a late late adopter for low value accounts.
Late adopters were given an extra year to get their systems in place, yet Switzerland has disengeniously provided an extra year on top of the extra year to do due diligence on low value accounts. There is no justification for this. In fact with Switzerland being a late-late adopter with say LATAM, it is a late-late-late adopter for low value accounts. And if Switzerland delays signing CAAs with say Russia, then Switzerland will be a late-late-late-late adopter for low value accounts.
The EU Commission has clamped down on Andorra as it allows tax evaders an extra year to close accounts and run away to USA without being reported.