In the past year, four more Caribbean nations have made their banking systems more transparent to the Internal Revenue Service in return for favorable tax status for U.S. meetings. Antigua & Barbuda, The Bahamas, The Cayman Islands, and The British Virgin Islands join 10 other Caribbean-area destinations where a U.S. company can take the same tax deductions as they would for a U.S.-based meeting. In general, business meetings held outside North America are not tax-deductible unless they ...

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