The fallout from the Panama Papers leak earlier this month has seen resignations, apologies, hand-wringing and contrition from politicians all over the world, with governments pledging to ensure financial information exchange is implemented in order to create a transparent global tax world. 

Last week saw the OECD itself call on the handful of jurisdictions not signed up to its Exchange of Information on Request to ensure they have the sufficient legal and regulatory frameworks in place to do, and in doing so raised the question as to why some jurisdictions are being chastise...