The G-20/OECD has gotten the Bahamas’ support for its proposal to reform the global taxation system. These proposals – as well as its accompanying rules for international taxation – aimed at addressing tax challenges arising from the global digitization.
Now, though expressing its support, The Bahamas has lodged its reservations.
Nonetheless support for the inclusive framework’s two-tier reform proposal is said to be consistent with the government’s policy principles regarding tax fairness and equity.
That said, the proposals seek to establish minimum tax measures on companies pulling in gross annual earnings of $889 million or greater.