Why would the tax havens want to capitulate if their hand isn’t completely forced? Aren’t they making money off this tax sheltering business?
From my uninformed perspective it sounds like their big stick neighbors are saying, "Hey, we have internal problems with folks not paying their fair share. So we’re going to need you to kill that goose you’ve got. You know, the one laying golden eggs. It might be your biggest source of income, but fair’s fair."
While the havens, working under the assumption that another country’s inability to police it’s own citizenry is not the haven’s problem, are trying to dodge the issue as long as they can.
