The Hidden History of the Bahamas, the Worlds Top Offshore Cryptocurrency Tax Haven

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In 2018, following advice from the IMF, the Bahamas adopted a fiscal framework that supposedly committed the country to maintaining a “debt anchor” at 50 percent of GDP. It was set at that low level, despite the Bahamas’s relatively high per capita GDP, to allow for the impact of major natural disasters or other shocks. This was not an official bailout program, but it was a worrying indicator of the need to stabilize, and it came with the unpopular decision to impose a purchase tax. The key to success in this regard is proximity to the United States.
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