OECD 'WRONG' FOR ACCOUNTS PRESSURE ON DOMESTIC FIRMS

Wed, Nov 9th 2011, 10:00 PM

By NEIL HARTNELL

Tribune Business Editor

A PLP MP yesterday suggested the Government had temporarily withdrawn three Bills for fear that in complying with the Organisation for Economic Co-Operation and Development's (OECD) record-keeping demands they would create a bureaucratic and 'red tape' nightmare for domestic Bahamian businesses.

Ryan Pinder, a tax attorney and the current representative for Elizabeth, told Tribune Business that the package of company-related legislative amendments recently tabled in the Senate was more notable for what it did not contain, namely changes to the Companies Act, General Partnership Act and Business Licence Act.

The Bills currently before the ...

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