Connect with us

Bahamas News

BAHAMAS: Prime Minister applauds hemispheric focus upon tax information exchange

Published

on

#Peru, April 16, 2018 – LIMA – Prime Minister Dr. the Hon. Hubert Minnis said that The Bahamas is pleased that the Lima Commitments are inclusive of tax information exchange, which previously placed small island states at a disadvantage.  He was addressing the Plenary Session of the Eighth Summit of the Americas on Saturday morning. The summit was held at the Lima Convention Centre from April 13-14, 2018 under the theme: “Democratic Governance Against Corruption.”

The Prime Minister said that The Bahamas is pleased with the prioritization of education in the Lima Commitments document, given the important role education can play in preventing corruption and bolstering democratic governance.

About 22 years ago, member states of the hemisphere adopted the Inter-American Convention Against Corruption, the first international agreement of its kind in the world.  The Bahamas firmly endorses the tenets of the Lima Commitments document, the Prime Minister said.

“These Commitments establish a baseline which each country of the hemisphere should aim to achieve. The tenets are tools for us to hold each other accountable.

“It is only through cooperation and collaboration that countries will be able to curtail the webs of corruption that often extend across borders, after involving transnational criminal activity in our interconnected world.”

The Bahamas also applauds the inclusion of a mandate to establish a hemispheric focus upon tax information exchange, “which has until now, been a rather one-sided, indeed lopsided conversation,” the Prime Minister said.  He added, “Accordingly, we are pleased that the Lima Commitments acknowledge the importance of technical assistance, to ensure states have the necessary support to implement regional and, international anti-corruption obligations.

“Too often as small states we are subject to norms developed without meaningful engagement from us, norms which may not be applied uniformly to all jurisdictions.  “We look forward to a balanced dialogue, where we meet as equals on matters that are of importance to us all,” The Prime Minister said.

When setting regional or international standards, he said that there is the need to minimize unintended consequences that negatively impact small economies in the region, especially when devising regulatory mechanisms.

“For many developing countries including small island states in the Caribbean region, for instance, the unintended consequence of loss of correspondent banking relationships requires a collaborative solution as stated by IMF Managing Director Christine Lagarde in 2016.”

Madame Lagarde appropriately noted:  “… All actors have a part to play: countries need to upgrade their regulatory frameworks; regulators in key financial centers need to clarify regulatory expectations and ensure consistent application over time; and global banks need to avoid knee-jerk reactions and find sensible ways to reduce their costs…”

Concluded the Prime Minister, “We must ensure that our efforts do not have as a backlash erosion of regional financial stability and inclusion.”

The First Summit of the Americas was convened in Miami, Florida, United States, December 9–11, 1994.  This summit was the first of a series of events leaders from 34 countries of the Americas.  Since its inception, the Summit has served as the region’s highest-level process for cooperation on increasing economic competitiveness, fostering growth and development, improving regional and citizen security, and promoting democracy and human rights.

The Prime Minister leads a delegation which includes Senator the Hon. Carl Bethel, Attorney General and Minister of Legal Affairs, the Hon. Jeffrey Lloyd, Minister of Education, the Hon. Darren Henfield, Minister of Foreign Affairs, Joshua Sears, Senior Policy Advisor to the Prime Minister, Viana Gardiner, Chief Operating Officer, Prime Minister’s Delivery Unit, Mrs. Patricia Minnis and other officials.

 

By: Lindsay Thompson (BIS)

 

Continue Reading

Bahamas News

Caught in the Net, Not Accused of Wrongdoing

Published

on

What the Attorney General must do now to protect Bahamian exports

Deandrea Hamilton | Editor

NASSAU, Bahamas — The United States’ decision to impose a 12.5 percent tariff on Bahamian exports is about more than higher costs for seafood, rum and other goods entering the American market. It is a warning that The Bahamas must move quickly to strengthen or clarify its legal framework governing forced labour and supply-chain enforcement.

The tariff, which takes effect July 24, is part of a sweeping U.S. trade action affecting 60 economies following a review by the Office of the U.S. Trade Representative (USTR). The review concluded that the listed countries have not adequately prohibited or enforced measures against goods linked to forced labour in global supply chains.

The action follows a recent U.S. Supreme Court ruling that invalidated an earlier series of Trump-era tariffs imposed under emergency powers. In response, the Trump administration shifted to a different legal authority—Section 301 of the Trade Act of 1974—using findings from a U.S. Trade Representative investigation into forced-labour compliance to support a new round of tariffs affecting 60 economies, including The Bahamas.

Importantly, the action does not accuse Bahamian businesses of using forced labour. Instead, it reflects the U.S. view that The Bahamas’ legal or enforcement framework does not yet meet the standard Washington expects.

That distinction matters.

The Attorney General’s Office now has the responsibility to lead the country’s legal response. That begins with determining precisely what concerns the U.S. Trade Representative identified, reviewing whether Bahamian law adequately addresses those concerns and, where necessary, recommending legislative or regulatory changes. If deficiencies exist, legal amendments and stronger enforcement could help position The Bahamas for removal from the tariff list.

The government may also seek formal discussions with U.S. officials while those reforms are undertaken, outlining a clear timetable for compliance and demonstrating that the country is committed to meeting international labour standards.

A Nassau Guardian front-page report on July 24 drew attention to the tariff action, prompting broader questions about why The Bahamas was included among the 60 economies affected by the U.S. trade measure and what steps are now needed to restore full confidence in the country’s trade framework.

For many Bahamians, the immediate concern will be the fisheries sector, one of the country’s largest export industries. Commercial shipments of lobster, conch, fish, crawfish and other products entering the United States could become more expensive because of the additional tariff, potentially affecting exporters’ competitiveness.

The broader lesson is that international trade increasingly depends not only on quality products, but also on strong business relationships and confidence in the legal systems that govern them.

For The Bahamas, this is less a finding of wrongdoing than a reminder that international credibility is earned through modern laws, effective enforcement and trusted partnerships. The challenge now is for the Attorney General’s Office to lead a swift legal review, identify any deficiencies and chart a clear path toward compliance so Bahamian exporters are not burdened any longer than necessary.

Continue Reading

Bahamas News

What 45 Shell Casings and New Murder Charges May Mean for Three Officers in the Azario Major Case  

Published

on

By Deandrea Hamilton | Editor

NASSAU, Bahamas (July 16, 2026) — The allegation is as shocking as it is consequential. Prosecutors now contend Azario Major was struck by additional gunfire after he was already dead.  That conclusion has prompted the Director of Public Prosecutions to upgrade the case against three police officers from manslaughter to murder ahead of a judge-only trial.

According to court filings and the DPP’s review of the forensic evidence, prosecutors allege that additional rounds entered Major’s body after death, a finding they say fundamentally changed their assessment of the case and justified the more serious charge of murder.

Investigators recovered 45 spent shell casings at the scene of the Boxing Day 2021 fatal shooting of Azario Major, a striking piece of forensic evidence that has remained central to the case from its earliest days.

Major, 31, was fatally shot by police outside Woody’s Bar on Fire Trail Road on December 26, 2021. While police initially maintained the shooting was justified, the circumstances surrounding the incident were heavily scrutinized during a Coroner’s Court inquest, where jurors ultimately returned a verdict of homicide by manslaughter.

The officers later challenged that finding, but the Supreme Court upheld the Coroner’s Court ruling, paving the way for criminal proceedings. They were subsequently arraigned on manslaughter charges and pleaded not guilty.

The DPP’s decision to elevate the charges to murder significantly raises the legal stakes. Unlike manslaughter, which does not necessarily require proof of an intent to kill, a murder conviction requires prosecutors to establish the legal elements of the more serious offence beyond a reasonable doubt. The prosecution’s case is now expected to focus heavily on forensic evidence, ballistic analysis and the sequence of gunfire during the fatal encounter.

The case is also notable because it will proceed without a jury. Barring further delays, the trial is expected to open on September 14 before Justice Guillimina Archer-Minns in a judge-alone trial, where a single judge—not a jury—will decide the fate of the three accused officers.

The proceedings will determine not only whether the three officers are guilty or innocent of murder, but whether prosecutors’ extraordinary allegation—that Azario Major was struck by additional gunfire after he was already dead—can be proven in court.

Continue Reading

Bahamas News

CARICOM Targets Affordability as Bahamas, TCI Continue to Feel the Pinch  

Published

on

By Deandrea Hamilton

 

Cheaper shipping. Lower energy costs. Better access to healthcare. Stronger consumer protections.

Those are among the measures CARICOM Heads of Government believe could finally begin reducing the stubbornly high cost of living for millions of people across the Caribbean.

Meeting in Saint Lucia, regional leaders agreed that making life more affordable must become one of the Community’s highest priorities. Their emerging strategy includes reducing freight costs through a regional ferry service, accelerating renewable energy projects to lessen dependence on imported fuel, expanding regional healthcare partnerships, strengthening consumer protection, and encouraging governments to adopt successful cost-of-living measures already being implemented across the Caribbean.

“Our discussions over the past four days were guided by one central objective – ensuring that CARICOM delivers results that people can see and feel in their everyday lives,” CARICOM Chairman and Saint Lucia Prime Minister Philip J. Pierre said.

Few places may welcome that relief more than The Bahamas and the Turks and Caicos Islands.

Although inflation has moderated in both countries from the sharp increases experienced following the pandemic, the cost of living remains stubbornly high. Families continue to complain about grocery bills that stretch household budgets, rising housing costs, expensive electricity, healthcare expenses and fuel prices that remain among the highest in the region.

Governments have responded.

In The Bahamas, successive reductions in Value Added Tax on selected goods and other targeted tax measures have sought to ease pressure on consumers. In the Turks and Caicos Islands, the Government this weekend opens applications for its $500 Cost of Living Relief Programme, acknowledging that many households continue to struggle despite the country’s economic success.

Yet affordability remains elusive.

The contradiction is difficult to ignore.

The Turks and Caicos Islands continues to post one of the region’s strongest tourism-driven economies, with robust investment, record visitor spending and sustained construction activity. The Bahamas has also strengthened its economic position, earning improved sovereign credit ratings as tourism, government revenues and fiscal performance continue to recover.

Yet those encouraging economic indicators have not translated into noticeably lower household expenses.

The reason is largely structural.

Both The Bahamas and the Turks and Caicos Islands produce relatively little of what they consume. Food, fuel, medicines, vehicles, building materials and countless household essentials are imported. Both countries also record significant trade deficits, illustrating their dependence on overseas suppliers. Every increase in global shipping costs, fuel prices or supply chain disruptions is eventually reflected in supermarket prices, utility bills and the cost of everyday living.

That is why CARICOM’s agenda matters.

If regional leaders succeed in lowering freight costs through an inter-island ferry network, expanding renewable energy, improving regional cargo movement, strengthening consumer protections and making healthcare more accessible through cooperation, the benefits could extend far beyond government balance sheets.

For Bahamians and Turks and Caicos Islanders, success will not be measured by another tourism record or another credit rating upgrade. It will be measured at the supermarket checkout, on the monthly electricity bill, at the gas pump and in the simple ability to afford a better quality of life.

Continue Reading

FIND US ON FACEBOOK

TRENDING