At their meeting in Brussels this week, the EU’s Economic and Financial Affairs Council completely removed The Bahamas from its List of Non-Cooperative Jurisdictions for Tax Purposes. The Acting Prime Minister noted that in March last year, The Bahamas was placed on the EU’s Annex II “greylist”. “While different from the more serious Annex I “blacklist”, The Bahamas was still subject to ongoing monitoring by the EU with respect to the implementation of economic substance requirements. “With the EU’s decision this week, The Bahamas has addressed all of the concerns on economic substance, removal of preferential exemptions and automatic exchange of tax information.”
Ambassador of the Republic of Finland to the Commonwealth of The Bahamas, H.E Pertti Ikonen (right), paid a courtesy call on the Minister of Financial Services, Trade & Industry and Immigration, the Hon. Elsworth Johnson at the ministry's offices, February 19, 2020.
Approximately 472 students from Bishop Michael Eldon School, Mary Star of the Sea Academy, Lucaya International School, Freeport Gospel Chapel and Hugh Campbell Primary School participated in the Bahamas Reef Environment Educational Foundation’s (BREEF) first “Resilient Blue Bahamas” project conducted on Grand Bahama from 11 th to 13th February 2020.
After nearly a decade in the hotel sector, Seville Smith was a rising star at a major resort in The Bahamas when an ad caught her eye. Royal Caribbean International was hosting a job fair in Nassau, kicking off a robust campaign aimed at hiring more Bahamians. Smith thought of the possibilities of learning about different cultures and new opportunities, took a chance, applied and was instantly bounced up to the next round of interviews.
Minister of Social Services and Urban Development, the Hon Frankie A. Campbell, applauded 50 young boys who are members of the L.W. Young Boys Empowerment Club for having the strength of courage, and conviction, to take a “deliberate step in the right direction.”
United World College Selection Committee paid a courtesy call upon Governor General His Excellency the Most Hon. Cornelius A. Smith at Government House on Wednesday, February 19, 2020.
Executive members of the Bahamas Insurance Association called upon the Governor General, His Excellency the Most Hon. Cornelius A. Smith at Government House on Monday, February 17, 2020.
Acting Prime Minister the Hon. K. Peter Turnquest stated that at every level, The Bahamas is doing its part in the global effort to tackle harmful tax practices and dismantle artificial tax practices. “We have worked diligently to demonstrate our commitment at the highest political level,” the Acting Prime Minister added as he brought remarks at the Bahamas Financial Services Board Industry Development Series: ‘Financial Crimes Enforcement, Compliance and Risk Management’ at the British Colonial Hilton, February 19, 2020.
Acting Prime Minister the Hon. K. Peter Turnquest explained that the removal of The Bahamas from the European Union's (EU) tax watch list is confirmation that The Bahamas has implemented the necessary reforms to meet the EU criteria on tax governance and cooperation on tax matters. “It is confirmation that The Bahamas’ financial services industry is stable and governed by a sound regulatory regime,” the Acting Prime Minister added as he brought remarks at the Bahamas Financial Services Board Industry Development Series: ‘Financial Crimes Enforcement, Compliance and Risk Management’ at the British Colonial Hilton, Wednesday, February 19, 2020.
The Royal Bahamas Defence Force Veterans Association paid a courtesy call on Governor General, His Excellency the Most Hon. Cornelius A. Smith (seated centre), January 31, 2020.
The Ministry of Transport and Local Government held an International Ship and Port Facility Security Seminar. The opening for the two-day seminar was held on Wednesday, 19th February at the Paul Farquharson Center, Police Headquarters. Delivering remarks was Acting Port Controller, Lieutenant Commander Berne Wright. The seminar features several presentations by various stakeholders including the Royal Bahamas Defence Force, Bahamas Customs Department, Bahamas Maritime Authority, The International Ship and Port Facility Security Code (ISPS), and the Recognized Security Organization (RSO).