Sen. The Hon. James H. Smith, C.B.E. Minister of State for Finance Rapid changes in technology, trade patterns, global socio-economic relations and international regulatory standards all present formidable challenges that … Read More
Author: @BahamasFSB
The Bahamas: Attractive Jurisdiction For The Domiciliation Of Investment Structures
Michael L. Paton Chairman Bahamas Financial Services Board 2002 will undoubtedly be regarded as a seminal year for the financial services industry of The Bahamas. In January, The Bahamas signed … Read More
The Bahamian Digital Agenda
The Hon. Perry G. Christie, M.P. Prime Minister and Minister of Finance Prime Minister and Minister of Finance Perry G. Christie has introduced a Policy Statement on **”Electronic Commerce and … Read More
Countering The Financing of Terrorism
When the Financial Action Task Force (FATF) meets in Paris next week (11-14 February), it will not only discuss new methods of money laundering and review developments in non-cooperative countries … Read More
Scotiatrust Now Among Largest Private Banks In Bahamas
Scotiatrust Bahamas has acquired the trust and private banking business of MeesPierson (Bahamas) Limited. Senior Vice President Doug Stewart says *”Scotiatrust has been part of The Bahamas for 45 years … Read More
OECD Commitment Letters No Longer Binding?
The Washington-based Center for Freedom and Prosperity and the Coalition for Tax Competition issued a news release today denouncing developments in the EU’s Savings Tax Directive. According to Andrew F. … Read More
US / Swiss Agree on Information Exchange
Last week, the Treasury Department announced that the “competent authorities” of the United States and Switzerland have entered into a Mutual Agreement under the current U.S.-Swiss Income Tax Convention (1996). … Read More
E-commerce Bills Tabled in Parliament
Hon. Perry G. Christie, M.P. Prime Minister Prime Minister Christie tabled four e-commerce bills in Parliament yesterday as part of a strategy to promote e-business growth and the development of … Read More
Compromise on EU Savings Directive
The European Union reportedly has agreed on a tax package allowing Austria, Belgium and Luxembourg to maintain banking secrecy laws for the next eight years. The agreement reportedly also applies … Read More
Government Set To Announce E-Commerce Strategy
The Bahamas Government plans to release an **Electronic Commerce Policy Statement** early this year, according to Minister of State for Finance, Sen. The Hon. James H. Smith, C.B.E. Speaking at … Read More