Category Archives: British Virgin Islands

UK Government investigates cases of possible tax evasion by landlords

Transparency International UK has published a report informing that London properties are being purchased anonymously through companies. The organisation investigated the cases, and found that more than third of properties sold in a new Kensington and Chelsea development areas were … Continue reading

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Capital Economics reports BVI companies allowing to avoid US$750mln tax

According to the new report by British company Capital Economics, the assets held offshore in the BVI jurisdiction are worth US$1.5 trillion, twice more than the 2010 statistics of the International Monetary Fund. Two thirds of the BVI-registered companies are … Continue reading

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BVI FSC issued information on the Terrorist-Asset-Freezing etc. Act 2010 Amendment Order

The British Virgin Islands Financial Services Commission issued Advisory Warning informing that The Terrorist-Asset-Freezing etc. Act 2010 (Overseas Territories) (Amendment) Order 2017 was ratified and extended to the British Virgin Islands on 8 March 2017. The Order amends the Terrorist … Continue reading

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Britain advised to cut off Commonwealth States including BVI

German MEP Sven Giegold has demanded Britain to cancel all existing tax haven policies and cut its relationships with main partners in the British Commonwealth, as negotiations continue with Brexit. In his opinion, Prime Minister Theresa May would have to … Continue reading

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BVI being jurisdiction of preference for Panama law firm

According to the journalist investigations, the BVI’s bearer share laws allowing to omit the names of beneficial owners were used as the British Virgin Islands became the main jurisdiction for corporate formation by the law firm Mossack and Fonseca. When … Continue reading

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BVI faces pressure in relation to Panama leaks

The information about more than 100,000 secret firms registered in the British Virgin Islands, leaked from the Panamanian company Mossack Fonseca, which has local office, has a great impact on the jurisdiction. According to the Bloomberg agency, BVI is now … Continue reading

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British Overseas Territories still playing great role in moving dubious assets

According to investigation newly carried by advocacy group Global Witness, British Overseas Territories, including BVI, can play an important role in facilitating movement of suspect funds into the United States. With a hidden camera, investigators met with 13 NY law … Continue reading

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Report published on UK Overseas Territories

The assessment published by Christian Aid, Global Witness, and the Tax Justice Network and Transparency International UK, under the name “The UK’s Corruption Problem”, reveals the fact that the UK has not actually made significant improvements as to financial transparency … Continue reading

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BVI among top tax havens for US taxpayers to avoid taxes

According to the report from the left-leaning Citizens for Tax Justice and the U.S. Public Interest Research Group, the British Virgin Islands is among the top three offshore jurisdictions for U.S. companies. Along with the Cayman Islands and Bermuda, BVI … Continue reading

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BVI tax haven included in EC’s blacklist

The European Commission has published its blacklist which is part of its Action Plan for Fair and Efficient Corporate Taxation. This Action Plan sets out policies and strategies to “tackle tax avoidance, secure sustainable revenues and strengthen the Single Market … Continue reading

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