Spotlight News

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 (BEPS Action 13). Under CbC reporting, multinational enterprises…

Supporting Innovation and Entrepreneurship through the Modernization of Government Services

Sen. The Hon. Allyson Maynard-Gibson, QC, Attorney-General and Minister of Legal Affairs says modernizing government services is essential, especially if The Bahamas is to tap into the potential of young Bahamians, the future generation. *”I believe that with the right conditions, talented…

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 that he will "do everything I can in future to help this great country succeed," notwithstanding that the country…

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 of international ship owners in the world, with this year’s attendance at roughly…

European Commission – New Rules to Tackle Tax Avoidance

The Commission welcomed today's agreement by Member States on their general approach for far-reaching new rules to eliminate the most common corporate tax avoidance practices.

Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, said: *"Today's agreement…

New Funds Listings for BISX

The Bahamas International Securities Exchange (BISX) has announced the listing of the following open-ended funds:

  • Lewisham Investment Fund Ltd, (Lewisham)
  • 3Ps Investment Fund IC Commons Quotas (“The 3Ps Common Quotas”)
  • 3Ps Investment Fund IC…