Search results for : offshore companies
November 07, 2013
Bahamas 'more compliant' on tax transparency than UK, U.S.
An U.K.-based organization which advocates against the "harmful impacts of tax avoidance, tax competition and tax havens" has ranked The Bahamas number 35 out of 82 countries in its Financial Secrecy Index...
Pastors sue to block oil exploration
August 07, 2013
Pastors sue to block oil exploration
The Bahamas National Citizens Coalition (BNCC) has filed an action in the Supreme Court seeking to block the minister of the environment and housing from issuing or renewing any oil exploration licenses.
The coalition also wants the court to restrain Bahamas Offshore Petroleum Limited and Island Petroleum Limited...
2013/2014 Bahamas Budget Communication
June 02, 2013
2013/2014 Bahamas Budget Communication
Honourable Members will be aware that Mr. Ehurd Cunningham, former Acting Financial Secretary, passed away last weekend. I want to take this opportunity to express my personal gratitude and that of the Nation for the many years of dedicated and tireless service that he so warmly provided to his dearly beloved country. Mr. Cunningham was instrumental in initiating, and indeed championed, many of th...
Our partial welcome to foreigners
May 29, 2013
Our partial welcome to foreigners
Recently, the Ministry of Tourism proudly revealed the heavily financed "Behold" campaign in New York City's Rockefeller subway station. It is good that the collective islands of The Bahamas are being represented in our tourism promotions. It is a shame that such a decidedly spectacular campaign confronts the negative anti-foreign sentiments expressed by the Department of Immigration.
Our thirst...
Part-time residents charged in tax fraud scheme
May 27, 2013
Part-time residents charged in tax fraud scheme
A federal court in Tampa Bay, Florida has charged two part-time Bahamian residents with operating a tax fraud scheme involving trust, insurance and other offshore companies.
According to court documents filed earlier this month in Florida, Duane Crithfield and Stephen Donaldson allegedly ran the scheme in Anguilla, Nevis and The Bahamas. They were arrested in North Carolina and have since been re...
Our partial welcome to foreigners
April 24, 2013
Our partial welcome to foreigners
Last week, the Ministry of Tourism proudly revealed the heavily financed "Behold" campaign in New York City's Rockefeller subway station. It is good that the collective islands of The Bahamas are being represented in our tourism promotions. It is a shame that such a decidedly spectacular campaign confronts the negative anti-foreign sentiments expressed by the Department of Immigration.
Our thirs...
Dept. of Statistics: GDP growth in 2012
April 08, 2013
Dept. of Statistics: GDP growth in 2012
According to preliminary statistics released yesterday by the National Accounts Section of the Department of Statistics, the gross domestic product (GDP) in current prices for 2012 had positive growth of 3.5 percent while GDP in constant prices grew 1.83 percent.
BOB Looks To Boost Trust Business
September 14, 2012
BOB Looks To Boost Trust Business
Bank of The Bahamas (BOB) is looking to grow its trust business, as it accounts for less than one percent of the market in this area.
Boyer-Cartwright: Make aircraft registry a priority
May 30, 2012
Boyer-Cartwright: Make aircraft registry a priority
A top attorney specializing in aviation law is appealing to the new administration to keep the formation of an aircraft registry on the agenda.
Llewellyn Boyer-Cartwright, a senior associate with Callenders & Co., recently attended a seminar in Washington D.C. entitled, International Aircraft Financing and Leasing. He met with a committee member of the Cape Town Convention, the international acco...
Flight registry on radar for aviation leaders
February 09, 2012
Flight registry on radar for aviation leaders
Aviation experts and business leaders met in Nassau this week to discuss the considerable potential behind the creation of a flight registry.
The concept might not be a new one, but momentum and confidence is growing.
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