Summary
"For years, we've talked about shutting down overseas tax havens, [BARACK Obama] said, adding "that's what our budget will finally do".
Following those talks, CARICOM Chairman Dean Barrow, who is also the Prime Minister of Belize, said "we were given some extremely valuable re-assurances". Bahamas Prime Minister Hubert Ingraham also told CMC that his country was following the tax bill because if passed it would affect the Bahamas very negatively."There is no justification as far as the Bahamas are concerned and as I told the Congress people, it is more difficult to open a bank account in the Bahamas than in the United States," he said.See the full content of this document
Extract
Obama Announces Proposals to Clamp Down On Tax Havens
WASHINGTON, CMC:
PRESIDENT BARACK Obama on Monday announced changes to the US tax policy, including a further crackdown on overseas financial juri...See the full content of this document
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