June 2014 WASHINGTON (IRS) — The Internal Revenue Service announced today major changes in its offshore voluntary compliance programs, providing new options to help both taxpayers residing overseas and those residing in the United States. The changes are anticipated to provide thousands of people a new avenue to come into compliance with their U.S. tax obligations.

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Governor General Sir Arthur Foulkes will demote office July 8, 2014, and a new Governor General will be sworn in at 12 noon the same day.

Sir Arthur and Lady Foulkes will travel to London this week to pay a farewell visit to Queen Elizabeth II.

Sir Arthur, who celebrated his 86th birthday on May 11, assumed office April 14, 2010.

Guillermo Morrone, head of global market at MasterCard, says that his company is looking to further promote Bahamian cultural events, venues and destinations to cardholders worldwide.
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Around 3,000 couples in the US entered a competition organized by The Bahamas Ministry of Tourism for the chance to win a destination wedding on one of the country’s islands.
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Speaking during Labour Day celebrations last week, Prime Minister Perry Christie said that the new budget is seeking out new and creative ways to encourage investment and spur growth.
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17 June 2014 (StockMarketWire.com) – CentralNic has contracted to acquire the business and certain of the assets of Internet.BS Corp, a leading retailer of domain names registered in The Bahamas, for a maximum consideration of $7.5m.

CentralNic says Internet.BS is one of the world’s top 30 domain name retailers, and it serves a global customer base from 199 countries. It has been trading for eleven years and it is accredited by the global regulator ICANN as well as the numerous operators of country codes including .eu for Europe and .in for India.

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Cable & Wireless has said that it intends to invest $200 million into the BTC telecommunications network over the next three years.
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The Bahamas Financial Services Board (BFSB), with the Ministry of Financial Services as a cosponsor, has scheduled five Bahamas Landfall events between August and October, as it takes aim at advancing The Bahamas Advantage and business opportunities in Latin America and China.

BFSB’s ambitious promotional programme built around the Bahamas Landfall theme that was conceived and launched in 2010 will include events in Rio de Janeiro and Sao Paulo in August, Mexico City in September and Hong Kong and Beijing in October.

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Leon Williams has been chosen to replace Geoff Houston as head of Bahamas Telecommunications Co, taking up the post later in the summer.
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