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.


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The Caribbean Association of Banks, Inc. is the representative body and recognized voice for banks and other financial institutions in the Caribbean. We seek to influence policies and legislation which impact the sector by advocating on our members’ behalf and participating in the global network of similar institutions.

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