Ok, if I accept all of your points above, please help me with why, based on the contents of this Bill, would they re-domicile their businesses here?

Why bend over backward only for foreigners when there are at least 100 different things government can do today to incentive Bahamian entrepreneurs and small businesses that would have an instantaneous effect on job creation and GDP growth. WHY! One of the primary forces that keep us down is that our politicians are pushing agendas that drive and promote their self-interest and look at political office as a means to further enrich themselves and their friends.

When I was creating offshore tax shelter structures many many years ago, tax avoidance was a viable strategy both for high net worth foreigners seeking tax relief and for jurisdictions like the Bahamas. Without belaboring and getting into a detailed discussion on international taxation in general and tax avoidance in specific, my general point is that tax avoidance/minimization/tax haven or whatever one calls it these days is not a winning business model or value proposition for offshore jurisdictions in the current international regulatory environment. Additionally, it is unlikely that the low threshold of $250K will create Bahamian jobs but I suspect it may attract undesirable black money to our jurisdiction. In general this Bill in addition to being anti Bahamian is also a wholly inept tax minimization tool. If we are really serious, why not include lawyers in the lists?

Absolutely!

Although our legal system is based on British common law, giving out work permits to foreigners will not incentivize economic development if we continue to have a weak rule of law as it relates to crime especially retaliatory crimes against witnesses, judicial inefficiency and ineffectiveness with respect to the enforcement of property rights and the delay of criminal and civil trials and a lack of government integrity. Additionally, it does not help when our competitiveness ranking vis-à-vis other nations is falling and it continues to take one month plus to open a simple bank account, one month plus to get a business license and other government approvals. Also unhelpful is having to deal with high utility and infrastructural costs with unpredictable and poor service quality and having to deal with significant skill gaps in the labour market with bad attitudes to top it off. Also, remember that most jurisdictions assess taxes based on citizenship and worldwide income and not domicile. So living in the Bahamas or earning income in the Bahamas would not necessarily reduce someone's taxes in their home country.

It is not that this legislation is good or bad, the issue is that we have not clearly articulated a comprehensive value proposition within the larger scope and framework of governmental, regulatory, judicial, business practices and ease of doing business reform that would enable this legislation to be transformative.

Give me one commercial reason why any of these companies would domicile in the Bahamas?

Mark Twain once said "Never argue with stupid people, because they will drag you down to their level and then beat you with experience".

Utter nonsense! Please read this story and stop talking silly talk.

He is making a clear and unequivocal statement that they never engaged in the money transfer business. If you or D'Aguiliar have evidence to the contrary then present it. Otherwise, your boorish, uncouth personal vitriol has no place in civil discourse and is wholly unproductive to solving the real problems confronting us as a society.

Your mother must not have breast fed you as a child ma boy, such hostility and personal anger for people you do not even know. You conchy joe fellas think your group have a monopoly on common sense.