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 …
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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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 …
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 …
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 …
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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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 …
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 …
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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