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A statement by H E Saeed Rashid Al Yateem, Assistant Under Secretary of the Resource and Budget Sector at the Ministry of Finance
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Government seeks carve out in global tax plan
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July 1, 2021: Following consultation with key
stakeholders and leaders of industry associations, the Government
of The Bahamas has expressed its support, for the proposals of the
G20/OECD Inclusive Framework on Base Erosion and Profit
Shifting to reform the global taxation system. These proposals
and the accompanying rules for international taxation are geared at
addressing the tax challenges arising from the digitalization of
the global economy. The government has at the same time lodged
reservations particular to The Bahamas.
The support of The Bahamas for the Inclusive Framework s two
New Tax Reform Commission to study OECD proposals
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Bethel: Bahamas won t move on global corporate tax before rest of the world
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