Participating in a Business Seminar hosted by the Bahamas Institute of Financial Services on Monday, the Hon. Alfred Sears, Attorney General and Minister of Education, reviewed the OECDís Harmful Tax Competition initiative.
Pointing to the "commitment in favour of the OECD" as executed by The Bahamas in March 2002, the Attorney General explained that the nationís agreement to entertain bilateral negotiations with OECD member countries on information exchange in tax matters had been conditioned on several measures:
(a) That The Bahamas is not included on any list of non-cooperative tax havens nor subjected to any co-ordinated defensive measures by OECD countries.
(b) The Bahamasí stated intention to protect is economic interests and fiscal autonomy in all negotiations.
