Bahamas Elevated to OECD White List
September 2010
Over many years The Bahamas has built up a reputation as a
responsible, committed and compliant jurisdiction and a leading
financial services centre. Furthermore, The Bahamas remains
committed to international standards on information exchange. The
Bahamas has endorsed the Organization for Economic Cooperation and
Development (OECD) principles on information exchange and
transparency. This commitment to international tax cooperation
dates back to 2002, when it signed its first tax information
exchange agreement (TIEA) with the United States.
On March 10 2010 Zhivargo S Laing announced that The Bahamas had
signed TIEAs with each of the Nordic countries (Denmark, the Faroe
Islands, Greenland, Iceland, Norway and Sweden), taking to 18 the
number of such agreements to which it is now a signatory. It has
since signed a further three agreements. Thus, The Bahamas has now
exceeded the OECD required minimum of 12 TIEAs and is fully
compliant with the OECD standard, and as such is now designated as
a White List jurisdiction.
