Bahamas Signs Multilateral Agreement for the Exchange of Tax information

The OECD has expressed its satisfaction with the Bahamas’ decision to move from a bilateral agreement for the exchange of tax information in compliance with CRS (Common Reporting Standards) to a multilateral one.

Although the CRS allows for a jurisdiction to select to enter either a bilateral agreement or a multilateral agreement, many international and supranational organizations –oddly even the OECD itself, which authored the standards- have expressed discontent with bilateral agreements.

Link: http://bit.ly/2rWcVsC

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