DEPUTY PRIME MINISTER AND MINISTER OF FINANCE PETER TURNQUEST
NASSAU, Bahamas — The Bahamas has sent a resounding message to the international financial community, that it will not be bullied or threatened into compliance to the detriment the economy, Minister of Finance Peter Turnquest said yesterday, the Nassau Guardian reported November 30.
Earlier this month, Turnquest and a delegation consisting of Minister of Finance,Trade and Industry and Immigration Brent Symonette and Attorney General Carl Bethel met with high-ranking officials of the European Commission and the Organization for Economic Co-Operation and Development (OECD).
“Our message was simple, The Bahamas’ financial services sector was not designed to, nor does it facilitate harmful tax practices,” Turnquest said in the House of Assembly while giving Parliament an update on The Bahamas’ efforts to ensure compliance with the international bodies. “While we are implementing measures to ensure compliance with international standards on tax governance and transparency, we let it be known that we reserve our sovereign right to develop our legal, tax and regulatory frameworks in ways that we deem necessary for our own economic development.” https://thenassauguardian.com/2018/11/29/bahamas-strongly-defended-during-meeting-with-oecd/
