Bahamas Out of Grey List

Categories: International Tax Cooperation, Offshore Banking, Offshore Taxation, Tax Havens, Taxation in Bahamas

The Commonwealth of the Bahamas has signed 7 more Tax Information Exchange Agreements (TIEA), bringing its total to 18, enough to be raised from the Organization for Economic Development and Cooperation’s (OECD) Grey List of nations.
On March 10th the OECD announced that the Bahamas, a small Caribbean island nation previously regarded as a tax haven [...]

The Commonwealth of the Bahamas has signed 7 more Tax Information Exchange Agreements (TIEA), bringing its total to 18, enough to be raised from the Organization for Economic Development and Cooperation’s (OECD) Grey List of nations. On March 10th the OECD announced that the Bahamas, a small Caribbean island nation previously regarded as a tax haven and offshore banking center, has entered into TIEAs with Denmark, Finland, Greenland, Iceland, Norway, Sweden and the Faroe Islands. Having passed the OECD threshold of 12 implemented ... Read More

Singapore Keeping Taxes Competitve

Categories: Taxation in Singapore

Lim Hwee Hua, Second Finance Minister of Singapore, delivered a speech reassuring national MPs that the Government is taking adequate measures to maintain a competitive and fair tax system.
The speech delivered to the Singapore Ministry of Finance’s Committee of Supply Debate 2010 on March 9th, was intended to address the issues raised by members of [...]

Lim Hwee Hua, Second Finance Minister of Singapore, delivered a speech reassuring national MPs that the Government is taking adequate measures to maintain a competitive and fair tax system. The speech delivered to the Singapore Ministry of Finance’s Committee of Supply Debate 2010 on March 9th, was intended to address the issues raised by members of the Committee on situations faced by Singapore and its Government. Among other topics, the speech sought to quell the concerns of several Members of Parliament (MPs) regarding ... Read More

New Economic Survey on Norway

Categories: Taxation in Norway

The Organization for Economic Co-operation and Development (OECD) has released the Economic Survey of Norway 2010, which assesses the current economic position of the nation and potential courses of action to follow through the remnants of the global recession.
According to newly published report released March 8th, Norway had experienced a relatively mild contraction during [...]

The Organization for Economic Co-operation and Development (OECD) has released the Economic Survey of Norway 2010, which assesses the current economic position of the nation and potential courses of action to follow through the remnants of the global recession. According to newly published report released March 8th, Norway had experienced a relatively mild contraction during the economic crisis. National unemployment is expected to peak at no more than 4 percent. The OECD projections claim that economic growth will remain strong in 2010 ... Read More

EU Commisioner Wants to Implement Carbon Tax

Categories: International Tax Cooperation, Taxation in EU, Taxation in Sweeden, Taxation in UK

Algirdas Semeta, Taxation Commissioner of the EU, has stated that he wishes to see a carbon tax instated across the entirety of the European Union, and will lead a review to make it happen.
The widely debated topic of Carbon Taxation has once again been brought up with the revelation that the European Commission (EC) will [...]

Algirdas Semeta, Taxation Commissioner of the EU, has stated that he wishes to see a carbon tax instated across the entirety of the European Union, and will lead a review to make it happen. The widely debated topic of Carbon Taxation has once again been brought up with the revelation that the European Commission (EC) will soon lead an inquiry about a possible EU-wide implementation of such a measure. In a statement made by Emer Traynor, spokeswoman for Algirdas Semeta, revision of the ... Read More