AG: Bahamas supports abolishing ‘blacklists’

NASSAU, BAHAMAS — The Bahamas staunchly supports the abolition of so-called ‘blacklists’ in international tax policy compliance, with Attorney General Ryan Pinder noting their lack of objectivity and fairness and their devastating impact on the economies of small developing states. Pinder, while addressing the 6th Meeting of the Ad Hoc Committee to Draft Terms of […]

PM: Government not supporting privatization or shutdown of state-owned enterprises

NASSAU, BAHAMAS — Prime Minister Philip Davis stated on Wednesday that despite the continued need for significant government subsidies, the government does not advocate for the shutdown or privatization of state-owned enterprises, citing their significant social benefits across the country. During his mid-year budget statement in Parliament on Wednesday, the Prime Minister emphasized: “State-owned enterprises […]

Tax avoidance causing $200m annual revenue loss

PM announces data-driven response to stop revenue slipping through the cracks NASSAU, BAHAMAS — Prime Minister Philip Davis revealed on Wednesday that the government is employing a data-driven approach to aggressively tackle numerous tax avoidance schemes, which are causing the government an annual loss of approximately $200 million in revenue. During his delivery of the […]