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Bahamas
The Bahamas: A Firmly Focused IFC
Niekia Horton
Bahamas Financial Services Board
Recent discussions and narratives around International Financial Centres (IFCs) have focused on meeting the demands of international standard-setting bodies. Lost in the discourse is the value proposition of IFCs and their contributions to a globally diversified and financially inclusive community. Undoubtedly, the deliberations between IFCs and international standard-setting bodies will continue as both groups seek transparency, accountability, fairness, and equal opportunity. The Bahamas, however, is firmly focused on being the region's most complete and thriving financial centre, committed to upholding integrity in the financial system.
Successive governments have consistently demonstrated the country's commitment to good governance by fostering a robust regulatory framework. The country's membership in the United Nations, CARICOM, and many other governing agencies supports its trustworthy democratic government system. Expertise in the local financial sector, coupled with the continued demonstration of the country's commitment to international best practices and its strategic location, allows the Bahamas to remain innovative and progressive in its offering.
The Bahamas: Recent Developments In A Dynamic IFC
Over the past decade or more, The Bahamas has experienced several turbulent economic events that hav…
Bahamas
The Right To Develop: How Tax Policy Can Empower Or Undermine National Growth
Niekia Horton
Bahamas Financial Services Board
The 1986 Declaration on the Right to Development states that “the right to development is an inalienable human right by virtue of which every human person and all peoples are entitled to participate in, contribute to, and enjoy economic, social, cultural and political development, in which all human rights and fundamental freedoms can be fully realised.”
The human right to development encompasses the right of peoples to self-determination and full sovereignty over their natural wealth and resources. Central to this declaration is the ideal that every nation should have the autonomy to design policies that foster economic growth and social progress. Underpinning this principle is taxation and its profound influence on economic development.
The Bahamas’ Comprehensive Financial Ecosystem: The Case Of AB Capital Partners
The Bahamas has long been recognised as a leading international financial centre, boasting a well-es…
