The Organisation for Economic Cooperation and Development’s Global Forum Peer Review Group has accepted the government’s request for a supplementary review that — if successful — could cause the European …
March 16, 2023
September 13, 2021
Report: EU banks reap billions from VI, others
A new report from the European Union Tax Observatory suggests that European banks are reaping about 14 percent of their total profits — about 20 billion euros a year — …
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August 16, 2021
OECD tax exec to speak at VI conference
Robert Mathavious, a pioneering leader in the Virgin Islands financial services industry who retired at the end of last year, will get a weeklong tribute in November during a conference …
August 12, 2021
Panel eases G20 tax plan fears
Now that the Group of 20 finance ministers has agreed to United States President Joe Biden’s proposal for a global corporate minimum tax rate of at least 15 percent, some …
June 8, 2021
G7 to consider global minimum tax
Finance ministers from Group of Seven nations will meet tomorrow in London, where they are expected to back United States President Joe Biden’s proposal for a minimum global corporate tax …
October 7, 2019
OECD: Global economy increasingly fragile
The Organisation for Economic Cooperation and Development is the latest financial body to issue a warning that the global economy is weakening. In its latest Interim Economic Outlook, released last …
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August 8, 2019
OECD: VI tax regime “not harmful”
The legal framework of the Virgin Islands, along with those of 11 other low- and no-tax jurisdictions, has been declared “not harmful” by the Organisation for Economic Cooperation and Development …
February 21, 2019
Virgin Islands launch new BEPS measure
In December, the Virgin Islands implemented a new Base Erosion and Profit Shifting (BEPS) measure, according to Government Information Services. The Organisation for Economic Co-operation and Development created a BEPS …
May 28, 2018
Cryptocurrencies slump after VI trading platform requests tax info
The prices of some of the world’s most high-profile cryptocurrencies have dropped significantly in the past two weeks due in part to cooperation between a cryptocurrency trading platform and the …
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