The OECD today published a 2005 edition of its Model Tax Convention. This Convention is used by OECD and other countries as a basis for the *”negotiation, application and interpretation … Read More
International Issues
Fighting Terrorism: International Forum to Review
The Draft Outcome Document prepared by the UN General Assembly for the upcoming 2005 World Summit includes a section on terrorism, under issues relating to **Peace and Collective Security**. Taking … Read More
A Prosperous Third Border
The 29th Annual Miami Conference on the Caribbean Basin will be held December 5-7 at the Hotel InterContinental in Miami, Florida. Hosted by Caribbean Central American Action (CCAA), the Miami … Read More
IMF Releases Bahamas Report
The IMF today issued a Public Information Notice on the recently concluded **2005 Article IV Consultation with The Bahamas**, including a review of Executive Board discussions. Also released were a … Read More
Savings Tax Directive Now In Effect
The EU’s Savings Tax Directive designed to increase cooperation on tax matters between EU countries came into effect on July 1. Separate savings tax agreements with five other European countries … Read More
Financing for Develpment: Meeting the Challenges
**Sen. the Hon. James Smith Minister of State Ministry of Finance** Last week Sen. the Hon. James Smith led a Bahamian delegation to the UN General Assembly’s *”High-Level Dialogue on … Read More
Taxation of Savings Income
The Swiss Federal Tax Administration issued a release today indicating that the agreement on the taxation of savings income between Switzerland and the EU will enter into force on schedule, … Read More
Bahamas Anti-Money Laundering Environment
FATF reports and communiqués are closely followed by BFSB and all key stakeholders internationally since it is the global standard setting body in the fight against money laundering and terrorism … Read More
FATF Report Acknowledges AML Measures
The Financial Action Task Force has released its 2004-2005 NCCT Review, including an update on The Bahamas. Referencing the comprehensive anti-money laundering measures undertaken by The Bahamas post 2000 and … Read More
OECD Ministerial Council Meeting
The Organisation for Economic Cooperation and Development (OECD) has concluded its latest Ministerial Council Meeting, under the chairmanship of Sweden. Topics on the agenda included: • Enabling Globalisation • The … Read More