A new OECD report says Governments should use tax systems to drive an inclusive growth agenda – one that seeks to boost growth while sharing the benefits more evenly within … Read More
International Issues
World Economic Outlook (WEO) Update
**Uncertainty in the Aftermath of the U.K. Referendum** The IMF has released the July 2016 update to the World Economic Outlook. Highlights: * Before the June 23 vote in the … Read More
37th Regular Meeting – CARICOM Heads of Government
The review of the Caribbean Community’s (CARICOM) Single Market Economy (CSME), free movement of labour, security and the budding relationship between Chile and the regional body were among the top … Read More
The Bahamas Promoted at International Forum
Minister of Financial Services the Hon. C.V. Hope Strachan, M.P., led a delegation from the Ministry to the Society of Trust and Estate Practitioners (STEP) Global Congress June 30 to … Read More
New Inclusive Framework to Tackle Base Erosion and Profit Shifting
Representatives of more than 80 countries and jurisdictions have gathered in Kyoto, Japan (June 30 – July 1) to push forward ongoing efforts to update international tax rules for the … Read More
OECD Releases Guidance on the Implementation of Country-by-Country Reporting
The OECD today released its [Guidance on the Implementation of Country-by-Country (CbC) Reporting](http://www.oecd.org/tax/exchange-of-tax-information/guidance-on-the-implementation-of-country-by-country-reporting-beps-action-13.pdf) (BEPS Action 13). Under CbC reporting, multinational enterprises (MNEs) will be required to provide aggregate information annually, … Read More
The Dominican Republic and Nauru Sign Multilateral Convention
The Dominican Republic and Nauru have signed the [Multilateral Convention on Mutual Administrative Assistance in Tax Matters](http://www.oecd.org/tax/exchange-of-tax-information/conventiononmutualadministrativeassistanceintaxmatters.htm?utm_source=Adestra&utm_medium=email&utm_content=Multilateral%20Convention%20on%20Mutual%20Administrative%20Assistance%20in%20Tax%20Matters&utm_campaign=Tax%20News%20Alert%2029-06-2016&utm_term=demo), becoming the 97th and 98th jurisdictions to join the Convention. Nauru also became … Read More
FATF Plenary Meeting
The Financial Action Task Force (FATF) held its fourth meeting of the FATF-XXVII Plenary Year in Busan, Korea June 22-24 – under the Korean Presidency of Mr. Je-yoon Shin. The … Read More
UK Withdraws from European Union
With the final tallies showing that the United Kingdom had voted to withdraw from the European Union, Prime Minister David Cameron today announced that he is standing down, but added … Read More
The Bahamas Promoted at International Maritime Conference
The Bahamas Financial Services Board’s (BFSB) participated in Posidonia 2016 in Athens, Greece (June 6 to 10) in collaboration with the Bahamas Maritime Authority (BMA). Posidonia is the largest gathering … Read More