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Bahamas to host Regional FATCA Workshop

A regional workshop to address the US Foreign Accounts Tax Compliance Act will be held at the British Colonial Hilton Hotel in Nassau April 9-10, 2013. Pictured: Minister of Financial Services Ryan Pinder (centre) announces the upcoming FATCA Workshop during a press conference April 2. (Photo courtesy BIS) 

Tuesday, April 2, 2013
Tuesday, April 2, 2013

IRS-USTMinister of Financial Services Ryan Pinder and Director of Financial Services Nicola Virgil-Rolle announced at a press conference today that The Bahamas will host a Regional FATCA Workshop April 9-10, 2013.

The Ministry of Financial Services will host the workshop in partnership with the Bahamas Association of Compliance Officers (BACO) on the US Foreign Accounts Tax Compliance Act (FATCA) at the British Colonial Hilton Hotel in Nassau, The Bahamas.

The workshop will be facilitated by United States Treasury Department officials from the International Tax Counsel and the International Revenue Service (IRS).

In a press release, the Ministry of Financial Services said that it views the workshop as an important opportunity for regional governments and the private sector to dialogue in detail with the US government about the FATCA regulations and the intended IRS implementation and reporting requirements.

The US Treasury officials and the IRS will make themselves available for private bilateral discussions with regional governments April 10.

Palm Cay's new executive and operations team unveiled plans for the upscale $200-million, 69-acre New Providence residential community last week.

Scotiabank recently presented its signature revamped Scotia Professional Plan (SPP)–a suite of flexible banking products created especially for business and healthcare professionals. Pictured: (below) Scotiabank’s small business sales leader, Debra Wood, presents the bank’s Scotia Professional Plan. (Photo courtesy Scotiabank)

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