Comment history

vegy says...

It feels like we are mourning the loss of a golden age rather than focusing on how we can gain an advantage for the future. Sure, the secrecy aspect as gone and was inevitable that the Bahamas had to comply but are there not companies setting up offshore that need banking - genuine offshore resident clients? How many online tech companies, for example, could be encouraged to start up in the Bahamas to take advantage of our good connectivity, proximity to major markets and good lifestyle as well as being tax efficient? Isn't it time we stopped being concerned about someone taking our jobs and started to focus on making the jurisdiction attractive for business which in turn would provide more jobs as well as the indirect trickle-down effect of money being spent in the Bahamas. Seems like Singapore and Hong Kong, as well as other jurisdictions that have targeted a niche startup such as Isle of Man, have done quite nicely from being open for business, why should we not take advantage of our geography, climate and stable government structure to make ourselves the chosen offshore destination rather than complain about missed opportunity and mistakes that may have been made.

On Minnis: Financial sector is 'dying'

Posted 28 November 2017, 12:31 p.m. Suggest removal