In addition to the application of Recommendation 21 for NCCTs, the Financial Action Task Force (FATF) recommends the application of further counter measures which should be “gradual, proportionate and flexible … Read More
The IBC: Legitimate Vehicle for International Business
The Bahamas IBC Act represents modern company legislation and according to industry sources *”contains the most advanced and innovative company and investor oriented provisions in company management and administration”* available … Read More
International Financial Centre of Choice
As a sovereign country with a pro-business government, strong regulatory oversight and sensitivity to the requirements of a global market, The Bahamas provides a unique environment for the conduct of … Read More
Tax Competition: A Liberalising Force
**Level Playing Field: Misguided and Non-Existent** Yesterday in Washington, DC the Center for Freedom and Prosperity Foundation released a study documenting the absence of a level playing field between OECD … Read More
Expanded Advisory Committee: US Bank Secrecy Act
The new Bank Secrecy Act Advisory Group held its first meeting in Washington today. Michael A. Dawson, Deputy Assistant Secretary for Critical Infrastructure Protection and Compliance Policy at US Treasury … Read More
Bahamas Financial Services Industry Retreat 2004
**Strategic Planning** BFSB Members will meet in Retreat on January 16-18, 2004 at the Four Seasons Emerald Bay Resort at Great Exuma. Together with the Prime Minister, the Minister of … Read More
Abusive Tax Avoidance Transactions
Pamela F. Olson, Treasury Assistant Secretary for Tax Policy, testified today before the Committee on Finance, U.S. Senate, on “abusive tax avoidance transactions”. The Treasury Official’s testimony noted: • The … Read More
Absence of Level Playing Field?
Notwithstanding the Closing Statement issued by the Co-Chairs of the OECD’s Global Forum on Taxation (see separate news item 15/10/03), the Washington, DC-based Center for Freedom and Prosperity announced yesterday … Read More
OECD’s Global Forum on Taxation: Seeking A Global Level Playing Field
The Joint Chairs of the latest meeting of the OECD’s Global Forum on Taxation issued a joint “Closing Statement” today at the conclusion of the session in Ottawa. **Closing Statement** … Read More
Bloomberg Link
Effective Monday, October 13, Colina Financial Advisors began contributing its research and analysis of the Bahamian equity market to Bloomberg Professional Service – a single platform interactive financial information network … Read More