The money is gone, don't expect it to come back!
This is what happens when your a banana republic and the EU...sorry OECD and US both hold a loaded gun to your head . You have to strip naked and get on your knees when they tell you too or else .Meh. Belize is running dry of cash, but why?
1. Joined CRS and started exchange relationship with the EU
2. Increased non-resident corporation reporting requirements bundled with enhanced AML and CFT controls in the financial sector
3. Embarked on a path to move from 0% tax to low-tax
- Listen, tax havens of the world: You cannot do all 3 at the same time and avoid major bank runs!