An agreement to enable cooperation in tax matters between the governments of The Bahamas and the Republic of San Marino was signed at the United Nations General Assembly in New York.
The agreement, to incorporate the internationally agreed Organization of Economic Cooperation and Development (OECD) standard for the exchange of information upon request for tax purposes, was signed by Bahamas Deputy Prime Minister and Minister of Foreign Affairs, Brent Symonette, and San Marino’s Minister of Foreign and Political Affairs, Antonella Mularoni.
“The signing of this agreement supports the ongoing effort being made by the government of the Bahamas to meet its commitment to implement the OECD’s standards for transparency and information exchange in tax matters,” Symonette said. “The Bahamas and San Marino share much in common. We are both small nations and our economies are mainly services based.”
It is the third such agreement that the Bahamas has concluded, after those with the United States and, more recently, Monaco. The Bahamas is on the OECD’s “grey list” of countries that have committed to its standard, but have not yet substantially implemented it. San Marino was removed from that list in September.
A comprehensive report in our Intelligence Report series, examining in depth the situation of offshore transparency and secrecy in a number of the most prominent jurisdictions, is available in the Lowtax Library at http://www.lowtaxlibrary.com/asp/subs_reports.asp and a description of the report can be seen at http://www.lowtaxlibrary.com/asp/description_report2.asp
Network Tweets Archive
| Resources | Partners
| Site Map | Links
| Newsletter
Archive | Contact
| RSS Feeds
About | Syndication |
Advertising & Marketing |
Recruitment |
Terms & Conditions |
Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
All content provided by BSI Media
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment