TaxCorporate TaxUK signs TIEA with the Bahamas

UK signs TIEA with the Bahamas

Bahamas becomes the latest overseas region to agree tax information exchange contracts with HMRC

The UK will be sharing tax details with the Bahamas after the Caribbean
region became the latest offshore area to sign a tax information exchange
agreement.

The TIEA was signed in Nassau yesterday by Jeremy Cresswell CVO, High
Commissioner, British High Commission in Jamaica and the Honourable Zhivargo S
Laing, the Bahamas Minister of State for Finance.

The agreement will allow the UK and The Bahamas to exchange information to
OECD and international tax standards to ensure that the right amount of tax is
paid in each country in the future. HMRC said.

The Bahamas has also signed TIEAs with the USA, San Marino and Monaco and is
negotiating TIEAs with other OECD countries, the taxman added.

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