Speaking at a press conference on Monday, head of the recently appointed Financial Services Consultative Forum, Brian Moree announced that despite having secured removal from the OECD’s ‘harmful tax practices’ blacklist, ‘pressure from the OECD is still very much alive and well’.
The 33-member FSCF was appointed by the Bahamian government on December 4, and is tasked with advising the government on the changing needs of an increasingly globalised market, and with recommending strategies, products, and legislation designed to enhance the jurisdiction’s reputation as a well-regulated, efficient, world-class financial centre.
According to a report from the Nassau Guardian, after the press conference, Forum members held a plenary session to discuss the continuing challenges posed by the jurisdiction’s obligations to the OECD.
By Amanda Banks, Tax-News.com
