The amending protocol to the tax information exchange agreement between Guernsey and Seychelles entered into force on 14 June 2017. The protocol, signed 12 August 2016 by Seychelles and 1 September 2016 by Guernsey, repeals Article 11 (No Prejudicial or Restrictive Measures) of the agreement. Article 11 provided that neither Party may apply prejudicial or restrictive measures based on harmful tax practices to residents, nationals or citizens of the other Party, on the basis that the other Party does not engage in effective exchange of information and/or because it lacks transparency in the operation of its laws, regulations or administrative...