Search results for : Corporate
AG: Consultation on Corporate Income Tax Extended
May 24, 2023
AG: Consultation on Corporate Income Tax Extended
NASSAU, BAHAMAS - Attorney General Ryan Pinder K.C. confirming this morning that consultation on the green paper on corporate income tax has been extended to August.
May 24, 2023
In response to the statements by the Leader of the Opposition, Mr. Michael C. Pintard, on the Corporate Income Tax Green Paper, the Office of the Prime Minister would like to clarify the following points
1. We find it particularly shocking and deeply disingenuous that Mr. Pintard, a former minister of the FNM administration, appears to disavow knowledge of decisions committed by their own administration.
May 24, 2023
BCCEC calls for comprehensive tax reform amid corporate income tax consultations
NASSAU, BAHAMAS — The Bahamas Chamber of Commerce and Employers Confederation (BCCEC) said yesterday that while the government's Green Paper on corporate income tax is a step towards equitable taxation in the country, comprehensive tax reform must accompany its implementation. Khrystle Rutherford- Ferguson, chair of the BCCEC noted in a statement yesterday that the private [...]
May 24, 2023
OP-ED: Revenue demands driving need driving corporate income tax
The government has laid out a very impressive argument for the introduction of corporate taxes in its recently issued Green Paper. It delineates four options which implement a "tiered system with CIT applied only to the largest multinationals in remit of OECD Pillar Two, BLF(Business Licence Fee) for all other firms; Introduce modest CIT for [...]
FNM Hits Out At Proposed Corporate Tax
May 23, 2023
FNM Hits Out At Proposed Corporate Tax
NASSAU, BAHAMAS - The Davis administration and the Free National Movement getting into a back and forth over a green paper on corporate tax.
Corporate tax reform is unavoidable
May 23, 2023
Corporate tax reform is unavoidable
The G20 and the Organization for Economic Corporation and Development (OECD) have beat the drum of multinational corporations engaging in base erosion profit-shifting (BEPS) - registering companies in supposed tax havens to avoid paying taxes - for many years. Many of the countries issuing demands were built on the foundations of free labor and plundered ...
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Opposition, OPM clash over corporate income tax
May 22, 2023
Opposition, OPM clash over corporate income tax
NASSAU, BAHAMAS – The Bahamas needs a green paper on fiscal reform, not just corporate income tax, according to Opposition leader Michael Pintard, who slammed the government's Corporate Income Tax Green Paper as an "ill-considered half-step exercise." In a statement yesterday, the Office of the Prime Minister pushed back against Mr Pintard's criticisms as "shocking [...]
'We're 20 years late on corporate income tax, so we're catching up' says expert
May 20, 2023
'We're 20 years late on corporate income tax, so we're catching up' says expert
A TOP financial expert believes it is the time to have a discussion about corporate income taxes for companies in The Bahamas.
May 19, 2023
Govt green paper on corporate income tax strategies out for consultation
The government released its green paper, "Corporate Income Tax (CIT) Strategies For The Bahamas", on Wednesday, outlining four possible new tax structures for businesses in the country that will align tax policies with the Organization for Economic Cooperation and Development's (OECD) Pillar Two rules, to which The Bahamas is a signatory. The paper supposes scenarios where ...
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May 19, 2023
Government releases Green Paper outlining corporate income tax options
NASSAU, BAHAMAS – The Ministry of Finance has released a Green Paper presenting four corporate income tax strategies for The Bahamas. The government aims to gather feedback from stakeholders on these proposals to enhance efficiency, equity, and alignment with global tax developments. The strategies outlined in the Green Paper are as follows: Option 1 applies [...]
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