Thursday , March 28 2024
Home / Tag Archives: Bahamas

Tag Archives: Bahamas

Sand Dollar

The Central Bank of the Bahamas introduces CBDC, according to a press release (December 2019). The intended outcome of Project Sand Dollar is that all residents in The Bahamas would have use of a central bank digital currency, on a modernized technology platform, with an experience and convenience—legally and otherwise—that resembles cash. It is expected that this will allow for reduced service delivery costs, increased transactional efficiency, and an improved overall level of...

Read More »

Tax Evasion in a (the) New World

In the FT, Vanessa Houlder reports about the tax evasion business. The new regulatory environment has led to portfolio adjustments and new types of behavior, and it exposes vast differences in enforcement across countries: Diamonds in vaults rather than financial assets. Trusts in South Dakota rather than anonymous bank accounts. Moving to a different country rather than just shifting assets. FATCA versus the Common Reporting Standard. The article also links to an article by Kara Scannell...

Read More »