Turnpage

Please visit our sponsors

RSS Feed
 

Current News & Press

 

Advertisement

The Bahamas Investor

News & Press Archives

 
The Bahamas Investor on facebookFollow The Bahamas Investor on TwitterSubscribe to RSS feeds from The Bahamas Investor
HOME > 
News & Press > 
OECD writes to Global Forum Members on EU blacklists

The Organization of Economic Cooperation and Development has issued a statement to Global Forum Members regarding the recent blacklisting by European Union member countries of offshore jurisdictions, including The Bahamas, the Bahamas Financial Services Board has reported. Read the full statement here. 

Source:
Date:
Updated:
TheBahamasInvestor.com
Wednesday, June 24, 2015
Wednesday, June 24, 2015

OECDThe Organization of Economic Co-operation and Development has issued a statement to Global Forum Members regarding the recent blacklisting by European Union member countries of offshore jurisdictions, including The Bahamas, the Bahamas Financial Services Board has reported.

Pascal Saint-Amans, director of the OECD Centre for Tax Policy and Administration and Monica Bhatia, head of the Global Forum Secretariat, have issued a joint statement (to members of the Global Forum) on the EU blacklists released last week.


Specifically stated:
“As the OECD and the Global Forum we would like to confirm that the only agreeable assessment of countries as regards their cooperation is made by the Global Forum and that a number of countries identified in the EU exercise are either fully or largely compliant and have committed to AEOI, sometimes even as early adopters. Without prejudice to countries’ sovereign positions, we are happy to confirm that these jurisdictions are cooperative and we would like to commend the tremendous progress made over the past years as well as the cooperation and integrity of the Global Forum process.”

“We have already expressed our concerns and stand ready to further clarify to the media the position of the affected jurisdictions with regard to their compliance with the Global Forum standards.”

Read/Download the full report here.

Commonwealth Brewery Ltd chairman Julian Francis announced revenue of $124.2 million and plans for growth during the company’s fourth annual general meeting last week.

The Bahamas Financial Services Board's branded "Landfall" event was held in Mexico City last week, promoting the jurisdiction's financial services to lawyers, accountants and intermediaries.

The Bahamas Investor
Administrative Links
  


  © 2017 ETIENNE DUPUCH JR PUBLICATIONS LTD