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EU Parliament enquiry examines Bahamas leaks

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The European Parliament’s inquiry committee investigating the ‘Panama papers’ is also looking into the recent ‘Bahamas leaks’, a cache of documents leaked in September to journalists working with the international consortium of investigative journalists, naming politicians and others linked to companies registered in the Bahamas between 1990 and 2016.

The Bahamas government has responded by announcing its intention to start negotiations on the automatic exchange of tax information early in 2017, to ensure the Bahamas is in a position to meet its obligations under the common reporting standard in 2018. Consultation on the relevant enabling legislation is due to begin by the end of 2016.

The OECD’s head of tax, Pascal Saint-Amans, had expressed concern in September that the Bahamas would not meet its international tax commitments and could be put back on the OECD’s blacklist of tax havens.

Issue: 1327
Categories: News , International taxes