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NEW GOVT TO RE-EXAMINE TAX LAWS.

The new Bahamian Government will re-examine tax laws opening secret offshore bank accounts to foreign investigators, according to former Central Bank governor and Junior Finance Minister James Smith, reports The Nassau Guardian (May 6, 2002). His appointment is seen as reassuring for foreign investors. He said the Bahamas should reconsider its reservations about the Free Trade Agreement of the Americas. The Bahamas has signed on to the FTAA provisionally, with reservations about free migration amid fears that this archipelago of 300,000 people with one of the highest incomes in the region, could become a magnet for poor migrants.

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Title Annotation:Bahamas
Comment:NEW GOVT TO RE-EXAMINE TAX LAWS.(Bahamas)(Brief Article)
Publication:Caribbean Update
Article Type:Brief Article
Geographic Code:5BAHA
Date:Jun 1, 2002
Words:101
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