The new UK - Switzerland tax deal is dire.
It lets tax evaders off the hook.
It permits and even seeks to to turn a blind eye to continued tax evasion through Swiss banks.
It offers lower tax rates to tax evaders than we have in the UK.
It explicitly supports banking secrecy.
Quite bizarrely it gives Swiss banks the right to assess and collect UK tax without any supervision as to whether they are doing so properly.
And it will bring in almost no money.
The Tories will push it through here - as they're big friends of tax evasion.
But now there's a new line to the story - it looks likely that 117 of the 200 members of the Swiss parliament might oppose it.
This profoundly offensive deal is not done yet.