[PanamaLegal]

What follows is a list of countries that said they are not going to sign the OECD treaties. These countries are omitted from the OECD page that lists the countries cooperating in various ways.

Ecuador (we offer banking in Ecuador) Russian Federation, Venezuela, Bolivia, Brazil, Cuba, Saudi Arabia, Oman, Abu Dabi, Qatar, Ukraine, Lithuania, Nigeria, North Korea, Iraq, Iran, Suriname. Ghana, Egypt, Jordan, Jamaica, Lebanon, Syria, Libya, North Korea, Yemen, Oman, Afghanistan, Pakistan, Romania, Bulgaria, Uzbekistan, Kazahkstan, Georgia, Azerbaljan, Turkmenistan, Peru, Paraguay, Thailand, Indonesia, Vietnam, and many African under developed nations.

One can see that there is some resistance (putting it mildly) to the OECD. Blacklisting all of these countries by the OECD will be hard and probably impossible. The OECD is pushing around and bullying those countries it can force into signing the tax treaties and those that can resist just resist.

We expect some countries that have said they will sign the OECD tax treaties will in the final analysis never do so. The OECD effort has been successful only in part. They seemed to hit the big tax havens, think low hanging fruit.