The Organisation for Economic Cooperation and Development (OECD) announced that The Bahamas has indicated it will sign the Multilateral Convention on Mutual Administrative Assistance in Tax Matters, thus implementing its commitment to tax transparency and the effective exchange of information, in particular under the common reporting standard (CRS).
The OECD release notes that the convention is a comprehensive multilateral instrument available for a range of tax cooperation to address tax evasion and avoidance.
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