"The light that comes from wisdom never goes out"
The European Union placed the Virgin Islands on its blacklist of uncooperative tax jurisdictions on Tuesday, but the VI government quickly responded by suggesting that the territory doesn’t belong on …
Continue reading “European Union blacklists Virgin Islands, but government pushes back”
In response to outcry from several countries, the European Commission published a new anti-money-laundering action plan this month and added 12 more countries to its AML blacklist. The addition of …
The Virgin Islands is one of 16 countries and territories newly whitelisted by the European Union on Tuesday, with the reveal of the EU’s revised “white list” of “non-cooperative tax …
Premier Andrew Fahie last week responded to the French blacklisting of the Virgin Islands, calling it a “misunderstanding” involving a delay in responding to French requests for tax information that …
France plans to add the Virgin Islands to a blacklist along with the Seychelles, Anguilla and the Bahamas because they are “not cooperative enough in terms of financial transparency,” French …
Continue reading “France may blacklist Virgin Islands, others”
In gauging what did and didn’t go in to the hotly anticipated draft Economic Substance Code released last week by the International Tax Authority, some insiders say one need only …
Continue reading “Draft Economic Substance Code “makes the job easier””
As financial services professionals meet behind closed doors, trying to make sense of the newly released draft Economic Substance Code, Simon Gray, head of business development and marketing at BVI …
In hopes of avoiding a European Union blacklist, the House of Assembly spent several hours in closed-door committee discussions this week to fine-tune the Economic Substance (Companies and Limited Partnerships) …
It is good news that the government has finally produced a draft law designed to keep the territory off the looming European Union blacklist, but with a deadline of Dec. …
Continue reading “EDITORIAL: With EU blacklist looming, VI has precious little time”
The government is paying a tax lawyer in London up to $400,000 to try to derive a legislative solution that will keep the territory off the European Union’s tax-avoidance blacklist …
Continue reading “Government hires UK lawyer in attempt to avoid EU blacklist”
