"The light that comes from wisdom never goes out"
Last week, the European Union removed the Virgin Islands from its blacklist of “non-cooperative jurisdictions for tax purposes” more than eight months after giving the territory the designation in February. …
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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 …
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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 …
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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”
