Connect with us

Bahamas News

Ministers meet with EU and OECD to discuss ending tax watch lists for The Bahamas

Published

on

#Nassau, November 12, 2018 – Bahamas – The Deputy Prime Minister and Minister of Finance, the Hon. K. Peter Turnquest, led a delegation to Brussels and Paris this week, for frank discussions with high ranking officials within the European Commission and the Organization for Economic Co-operation and Development (OECD) on The Bahamas’ compliance with international standards on tax governance.

Accompanying the Deputy Prime Minister was the Minister of Financial Services, Trade & Industry and Immigration, the Hon. T. Brent Symonette; the Attorney General and Minister of Legal Affairs, Sen. the Hon. Carl W. Bethel QC;and a senior advisor from each of their respective ministries.

In Brussels, the delegation had a series of bilateral meetings with the Code of Conduct Group, the Directorate-General for Taxation and Customs Unions and other representatives of the European Commission.

In Paris, the delegation met with the Deputy Secretary General of the OECD, the Deputy Director of the OECD Center for Tax Policy and Administration,and the Head of the Secretariat of the Global Forum on Transparency and Exchange of Information for Tax Purposes.

The meetings centered around the high-level commitments that the Government has made with respect to the EU’s criteria on economic substance and transparency and the OECD’s anti-Base Erosion and Profit Shifting (BEPS) minimum standards. Deputy Prime Minister Turnquest provided an update of The Bahamas’ efforts to fulfil its commitments and reinforced that while The Bahamas will meet the December 31st 2018 deadline, some consideration should be given to the challenges jurisdictions face implementing such extensive reform within such a short time frame. He further stressed that the constant threat of black or grey listing is a major constraint to economic development and has repercussions that are felt well beyond the financial services industry.

The EU and OECD officials were presented with draft copies of the Commercial Entities (Substance Requirements) Bill, the Removal of Preferential Exemptions Bill, the Register of Beneficial Ownership Bill and the Non-Profit Organizations Bill. These bills will be enacted by the end of this month, reinforcing the Government’s intent to take all necessary steps to safeguard the financial sector and ensure the removal of The Bahamas from all watch lists in the shortest time-frame possible.

According to Deputy Prime Minister Turnquest, “The meetings were very productive and we feel that the Europeans now have a greater understanding that The Bahamas has always been focused, at the highest political level, on protecting the integrity of the Bahamian financial system from abuse.  Our approach has been to take a holistic view of the challenges that confront us and pragmatically do what promotes the long term viability of our financial services industry.”

 

Release: BIS

 

 

Continue Reading

Bahamas News

Mother’s Pride Headlines Bahamian Takeover at Sixers-Heat Clash in Miami

Published

on

The Bahamas, March 30, 2026 – The voice of a proud mother captured the spirit of a nation Monday night, as Bendra Rolle shared heartfelt reflections on the overwhelming Bahamian support for her son, VJ Edgecombe, during the Philadelphia 76ers matchup against the Miami Heat in Miami.

“The patriotic support and scenery at my son, VJ Edgecombe’s NBA game… was overwhelming,” Rolle said in a statement issued following the game. “The arena in Miami was lit. Bimini and the Bahamas showed up and showed out.”

Her words come amid what has already been widely described as a remarkable showing of national pride, with Bahamians traveling in large numbers to South Florida to witness the young guard’s continued rise. For Rolle, however, the moment extended far beyond basketball.

“Beyond VJ’s basketball talents, I’m so moved by his magnetic personality and personal journey to inspire and excite an entire nation—our beloved Bahamas,” she said. “I thank God for VJ’s humility and for his hunger for greatness. He never forgets how far God has brought us.”

While the Sixers did not secure the win on the night, Edgecombe delivered a solid individual performance, finishing with 13 points and five assists. He made an early impact on the game, showing confidence and poise before foul trouble disrupted his rhythm, but still managed to leave his mark in meaningful minutes.

The game itself evolved into a cultural showcase, with Bahamian flags waving throughout the arena and chants ringing out in support of Edgecombe. Much of that presence was bolstered by a coordinated travel push from Bahamasair, which helped facilitate fan travel and added to the electric atmosphere in Miami.

Rolle said the emotional weight of the moment was deeply felt by her family, as they witnessed firsthand the unity and pride of the Bahamian people.

“Thanks and love for the tears and overwhelming joy on Monday, Bahamas,” she expressed. “The Bahamian flags were love, loud, and proud. On my own behalf, VJ, and the entire family, I am ever grateful for the indescribable experience.”

Her closing words underscored what many have described as the true victory of the night—not the final score, but the powerful display of national pride and support surrounding one of The Bahamas’ rising stars.

Continue Reading

Bahamas News

Bahamasair Backs Surge as Bahamians Flood South Florida for V.J. Edgecombe Showdown  

Published

on

PHOTO BY SIXERS NATION

 

Bahamian pride is already on full display in South Florida, with fans arriving in strong numbers ahead of tonight’s highly anticipated NBA matchup featuring VJ Edgecombe and the Philadelphia 76ers.

Helping to power that movement was Bahamasair, which rolled out a strategic promotion to facilitate travel, turning the game into a full-scale national showing.

And the celebration started early.

A “Bahamas Invades Florida” pre-party over the weekend set the tone, with Bahamian fans, DJs and supporters converging in Fort Lauderdale to build momentum ahead of the game.  The event, marketed as a major cultural gathering, has spilled into Miami, where a strong Bahamian presence is expected inside the arena tonight.

This is no ordinary road game.

The Sixers enter the matchup healthy and are favoured to win, adding to the anticipation surrounding what many expect to be a standout performance by the Biminite guard.

Edgecombe, the third overall pick in the 2025 NBA Draft, has been electric in his rookie season — delivering high-scoring performances and quickly establishing himself as one of the league’s most exciting young talents.

But beyond the stats, it’s the moment that matters.

With South Florida just a short flight away, Bahamians have seized the opportunity to show up in force — flags, energy and all — transforming the game into something far bigger than basketball.

A national turnout.
A rising star.
And a night where the Bahamas is expected to be felt — from tip-off to final buzzer.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

Bahamas News

Bahamas Warns Travellers as UN says Middle East Conflict May No Longer Be Contained

Published

on

The Bahamas, March 18, 2026 – Twenty days into the latest Middle East escalation, the United Nations is warning the conflict is spreading beyond its original battlefield, as the death toll rises and governments around the world issue urgent travel advisories — including The Bahamas.

In a March 17 statement, the UN Secretary-General’s office said the war must stop and called for all Security Council resolutions to be respected, noting with concern that countries in the Gulf continue to be targeted, raising fears of a wider regional confrontation.

The current round of fighting began February 28 with strikes involving the United States, Israel and Iranian-linked forces, followed by missile and drone attacks across Iraq, Lebanon and parts of the Gulf.

International monitors report more than 1,300 people killed in Iran alone, with additional casualties reported in Lebanon, Israel and Gulf states. U.S. officials confirm at least 13 American service members have died since the escalation began, while reports indicate additional senior Iranian military leaders were killed in recent strikes.

Despite the growing violence, several NATO countries including the United Kingdom, France and Germany have not joined offensive operations, instead calling for diplomacy to prevent the conflict from widening.

The Bahamas Ministry of Foreign Affairs has also issued a travel advisory, warning Bahamian nationals to avoid travel to Israel, Palestine, Iran and Lebanon and to reconsider travel across much of the Gulf region due to the risk of sudden escalation, flight disruptions and security threats.

Officials say Bahamians already in the region should remain vigilant and be prepared for rapidly changing conditions.

Angle by Deandrea Hamilton. Built with ChatGPT (AI). Magnetic Media — CAPTURING LIFE.

Continue Reading

FIND US ON FACEBOOK

TRENDING