Dominica and tax status for IBC’s

bigladsmith

Building Trust
Entrepreneur
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Some crazy things happening. My mind thinks that if a country is placed back on blacklist then will that country just return to original type of IBC as before, zero tax etc...

Martin much thanks for all of the good info, maybe you would asssist me as I progress my thinking
 

bigladsmith

Building Trust
Entrepreneur
Mentor Group
See also, looking like Dominica reverse decision on what was agreed in Jan 2019. Bills withdraw. Wondering what real situation is now?

This statement of the grounds is misleading, and manifestly unfair. The only reason why Dominica “has not signed and ratified the OECD Multilateral Convention on Mutual Administrative Assistance as amended ‘ is that the OECD has to date not given the go ahead to Dominica to sign on. In other words Dominica is being penalized while it is awaiting a response, and notwithstanding there was and is nothing else it can do or could have done. In fact, and in furtherance of a favourable response, we prepared legislation to take to the Parliament in January this year to have the Parliament approve and pass these Conventions into law. We had to withdraw those Bills when no clearance was received from the OECD.
 

bigladsmith

Building Trust
Entrepreneur
Mentor Group
Update time


But what does all of this actually mean?
 

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