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Yes, they will - as they did with Swiss bank secrecy [0]. It's actually quite simple: if you want to do business with the G7 countries - with close to 40% of t
by fabbari 5y ago
Yes, they will - as they did with Swiss bank secrecy [0].
It's actually quite simple: if you want to do business with the G7 countries - with close to 40% of the world economy [1] - you follow their rules.
While 60% is a lot, it's a much different blend of markets to work with - hundreds of other countries, legislations, etc. - and it would be a much larger effort to cover.
So: wether I like it or not the truth is: if the G7 countries agree on something, other countries will follow.
[0] https://www.reuters.com/article/us-swiss-secrecy-idUSKCN1MF13O https://www.reuters.com/article/us-swiss-secrecy-idUSKCN1MF1...
[1] https://www.nationmaster.com/country-info/groups/Group-of-7-countries-(G7) https://www.nationmaster.com/country-info/groups/Group-of-7-...