By Rick Lowe
Weblog Bahamas
Coming on the heels of the OECD and its G-20 and European Union (EU) members threatening ‘blacklistings’ a few short months ago Mr. K. Peter Turnquest, Bahamas Deputy Prime Minister & Minister of Finance suggests The Bahamas might have to look at implementing a low rate corporate income tax in order to comply with demands from the Organization of Economic Cooperation and Development (OECD).
How the Bahamas will comply and whether it will be forced to adopt a corporate income tax is disconcerting.
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