"The light that comes from wisdom never goes out"
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 …
Continue reading “Brexit trade deal brings changes to all overseas territories”
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, …
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 …
“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 …
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 …
Continue reading “EDITORIAL: Virgin Islands must buckle up for Brexit”
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 …
Continue reading “EDITORIAL: Thanks, European Union, for shelter funding”
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 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 …
Continue reading “United Kingdom rolls out “soft” Brexit negotiating stance”
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, …
Continue reading “Territories to retain EU benefits through 2020, UK says”
