The Bahamas Central Bank, publishing latest revenue statistics, said the government achieved a 20% reduction in the territory's fiscal deficit during the first five months of the 2011/12 fiscal year. Read Full Story
Leaders from Caribbean nations and the United Kingdom agreed at the end of a two-day summit an action plan to establish 'a new and improved strategic partnership to promote prosperity'. Importantly, the UK government committed to reopen negotiations to mitigate the impact of the UK's air travel tax on Caribbean territories. Read Full Story
Malta on January 18, 2012, signed a Tax Information Exchange Agreement with the Bahamas, to enable the two nations' tax authorities to share tax information on request. Read Full Story
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