Feb 18, 2020 | Insight
This morning the Ministry of Finance of The Bahamas announced that The Bahamas has been completely removed from the EU’s List of Non-Cooperative Jurisdictions for Tax Purposes, having addressed the EU’s concerns on economic substance, removal of preferential...
Sep 24, 2019 | Insight
On 18 September 2019, the Central Bank of The Bahamas (“CBOB”) announced that based upon a report from Secura Monde International(“SMI report”), it has submitted a proposal that The Bahamas join such countries as Australia, Canada, and Trinidad and Tobago, in removing...
Mar 21, 2019 | Insight
In the case of Cadet Car Rental v Pinder [2019] UKPC 4 (Cadet), the Judicial Committee of Her Majesty’s Privy Council (The Bahamas’ final court of appeal), recently effected a sea-change in Bahamian law and practice regarding the calculation of loss of future earnings...
Jun 26, 2018 | Insight
On Friday, 22 June 2018 the Competent Authority of The Bahamas released a list of the jurisdictions with which information will be exchanged further to the Automatic Exchange of Information/Common Reporting Standard. The list can be viewed here or can also...
May 31, 2018 | Insight
On 25 May 2018, the Council removed the Bahamas and Saint Kitts and Nevis from the EU’s list of non-cooperative tax jurisdictions. The EU’s list is contributing to on-going efforts to prevent tax fraud and promote good governance worldwide. It was established in...
Mar 13, 2018 | Insight
On Tuesday, 13 March, the Deputy Prime Minister and Minister of Finance, K. Peter Turnquest, issued a statement advising that notwithstanding his government’s engagement with the EU Code of Conduct Group and accession to the Inclusive Framework for the...
