Good to see some picking up the message that there are serious problems with the OECD approach to tax haven listings. This came out overnight:

However, Richard Murphy, [a] founder of the Tax Justice Network and director of Tax Research LLP, says many tax officials think TIEAs are “not delivering and cannot deliver”.

"To make the network effective we would need several thousand," he writes in his blog on Tax Research UK.

"You can see we have a long way to go and no chance of really completing this process on a bilateral basis. The model is wrong.”

Although he does not dispute they have “been the right direction of travel,” Murphy hopes the G20 will push for multilateral agreements which could open enquiry to many countries.

After sleeping on the issue it is clear yesterday was one where progress was made. I believe that the commitments are genuine.

I’m equally clear we have a long way to go.

I happen to think we will get there.

And I also think that yesterday took that process forward. Not as far as it could. Not without creating problems. To continue the metaphor, the OECD’s bizarre behaviour landed us straight in some deep mud.  But it was movement in the right direction.