July 19, 2019
The Bahamas is fully compliant with the Organisation for Economic Co-operation and Development’s (OECD) Mutual Agreement Protocol (MAP) peer review and monitoring process which is currently underway.
The peer review, which is a part of the base erosion and profit shifting (BEPS) action plan, examines every jurisdiction within the OECD to check for harmful tax practices.
“What they do is they look at every single jurisdiction of the main countries in the OECD, on the basis of giving special exemptions to these people to cause their taxpayers to migrate to those countries,” Attorney General Carl Bethel told Guardian Business.
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