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 …
February 20, 2020
February 6, 2020
Territory wary as Brexit arrives
“The UK is now outside the European Union,” Governor Gus Jaspert said during a Monday press conference. “But there are some important messages for people in the BVI in terms …
December 23, 2019
EDITORIAL: Virgin Islands must buckle up for Brexit
The startling result of the United Kingdom election this month virtually guarantees that the UK will exit the European Union soon, heralding a historic shift in world affairs that will …
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November 12, 2019
EDITORIAL: Thanks, European Union, for shelter funding
The European Union-funded effort to refurbish and stock emergency shelters around the territory is music to our ears. It was also a long time in coming. When Hurricane Irma struck …
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May 3, 2019
Draft Economic Substance Code “makes the job easier”
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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April 26, 2019
Draft Economic Substance Code released
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 …
December 19, 2018
House rushes law to avoid blacklist
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) …
December 11, 2018
EDITORIAL: With EU blacklist looming, VI has precious little time
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. …
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July 16, 2018
United Kingdom rolls out “soft” Brexit negotiating stance
The rollout of United Kingdom Prime Minister Theresa May’s “soft” Brexit plan earlier this month spurred multiple resignations throughout her government, including Foreign Secretary Boris Johnson. Mr. Johnson, who visited …
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June 22, 2018
Territories to retain EU benefits through 2020, UK says
United Kingdom officials assured overseas territories delegations last week that their European Union privileges would remain in place throughout the 21-month transition period after Brexit begins on March 29, 2019, …
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