Switzerland already does this. EU members were pressuring them to release bank information (they aren't part of the EU but are completed surrounded by it). So t

Switzerland already does this. EU members were pressuring them to release bank information (they aren't part of the EU but are completed surrounded by it). So the new compromise is they don't release the bank records but the pool all the money each country is supposedley owed and forwards it to them. The problem is the other countries don't trust the swiss. They are basically being handed a bag of money and being told trust us. Underreporting taxes benefits the 2 parties with all the information (the swiss and their account holders) and the 3rd is left totally in the dark.