The Bahamas plans to conclude at least eight additional Tax Information Exchange Agreements (TIEAs) by early 2010 to ensure it escapes the Organisation for Economic Co-Operation and Development/G-20 'grey list', the deputy prime minister has said.
Speaking at the 30th anniversary celebrations for Lombard Odier Darier Hentsch's Bahamas office, Brent Symonette said: "We continue to object strenuously to efforts by some in the international media, and within some multinational agencies, to place blame on small international financial centres like the Bahamas for the woes of the global financial crisis, which in all material aspects have their origin in the failure of major OECD countries to adequately regulate their onshore financial service providers and to ensure the proper management of risk."
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Speaking at the 30th anniversary celebrations for Lombard Odier Darier Hentsch's Bahamas office, Brent Symonette said: "We continue to object strenuously to efforts by some in the international media, and within some multinational agencies, to place blame on small international financial centres like the Bahamas for the woes of the global financial crisis, which in all material aspects have their origin in the failure of major OECD countries to adequately regulate their onshore financial service providers and to ensure the proper management of risk."
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