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article under the tag
European Union

January 9, 2021

Brexit trade deal brings changes to all overseas territories

Last Thursday marked the end of 2020, but also the last day of the “transition period” to the start of the United Kingdom’s exit from the European Union. As a …

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by Dana Kampa
July 8, 2020

Experts weigh in on EU, Covid-19

The global Covid-19 crisis is slowing the ongoing implementation of “economic substance” rules that affect international financial centres, but this delay may result in a more considered strategy and rollout, …

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by CLAIRE SHEFCHIK
February 20, 2020

Virgin Islands makes EU ‘white list’

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 …

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by CLAIRE SHEFCHIK
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 …

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by Dana Kampa
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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by BVI Beacon
Boris Johnson
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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by BVI Beacon
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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by CLAIRE SHEFCHIK
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 …

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by CLAIRE SHEFCHIK
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) …

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by Amanda Ulrich
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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by The BVI Beacon
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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by Conor King Devitt
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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by Conor King Devitt

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