The Nassau Agreement refers to a bilateral tax agreement established between the United States and the Bahamas in 2002. The agreement aims to improve tax compliance and transparency, reducing tax evasion and the risk of money laundering through financial institutions. One of the key aspects of the Nassau Agreement is the commitment to share information on financial accounts held by U.S. taxpayers in the Bahamas, as well as ensuring that Bahamian financial institutions adhere to international standards for transparency.
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