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Bahamas Confirms Commitment To Year-End White-Listing

by Phillip Morton, Investors Offshore.com

10 December 2009


The Bahamas and France have signed an Agreement for the Exchange of Information Relating to Tax Matters.

The treaty, the tenth that meets the Organization for Economic Cooperation and Development (OECD) standard, was executed by means of an Exchange of Letters between the two countries.

French Finance Minister Eric Woerth confirmed the agreement in his response of December 7, 2009, to a letter submitted by Bahamas Deputy Prime Minister and Minister of Foreign Affairs, Brent Symonette, in which he outlined the terms of the agreement.

According to the Bahamas government, it remains the stated objective of the Bahamas to secure 12 agreements that meet the OECD standard for transparency and information exchange in tax matters before the end of the year.

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

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