Category Archives: Offshore tax havens

BVI blacklisted by France as a non-cooperative tax jurisdiction

In the beginning of the year, France has added the British Virgin Islands on the blacklist as a non-cooperative territory in tax matters, along with three new countries – Anguilla, Bahamas and Seychelles. The total list of non-cooperative jurisdictions now … Continue reading

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France planning to blacklist BVI, Seychelles, the Bahamas and Anguilla

According to French Public Accounts Minister Gerald Darmanin, France plans to add the British Virgin Islands to a blacklist for being “not cooperative enough in terms of financial transparency,” along with the Seychelles, the Bahamas and Anguilla. Since the Panama … Continue reading

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The Dutch government includes BVI on tax blacklist 2020

In the beginning of October, the government of Netherlands announced the launch of consultation on next year’s list of low-tax jurisdictions to enforce existing and future anti-avoidance legislation. The British Virgin Islands is among sixteen countries included on the Dutch … Continue reading

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The report reveals role of BVI and other UK overseas territories in global tax dodging

According to the report published by the Tax Justice Network, the UK territories of the BVI, Cayman Islands and Bermuda are the ones to contribute the most to global tax avoidance, among all the tax havens, and Anguilla, Guernsey, Jersey … Continue reading

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BVI among major money laundering centres listed in US report

The latest US International Narcotics Control Strategy Report, in its part dedicated to money laundering, put the British Virgin Islands on the list of “Major Money Laundering Jurisdictions” for the year 2018. Among other territories listed there were all major … Continue reading

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BVI among jurisdictions blacklisted by the Dutch Government

In the end of December 2018, the Dutch Government published a list of 21 low-tax jurisdictions which have corporate tax rate of less than 9 per cent. The Government will implement new anti-tax avoidance measures for the companies having business … Continue reading

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BVI postpones trade mission to Africa to focus on financial services

The proposed BVI trade mission to Africa which was planned to be held in November, has been postponed until the beginning of the next year. BVI premier and minister of finance, Dr Orlando Smith, who will be leading the delegation, … Continue reading

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Dutch Government to include BVI in the list of low-tax jurisdictions

The government of Netherlands has started series of consultations, planning to review country’s tax treaty policy and make a list of low-tax jurisdictions to apply enforced incoming controlled foreign company (CFC) rules. The CFC rule will be introduced by Netherlands … Continue reading

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BVI company’s suspicious transactions investigated by US federal law officials

The news agency published information about the previously undisclosed complex web of financial transactions, which involved the transfer of money from Russia and Switzerland to the British Virgin Islands, Bangkok and New Jersey. The suspicious money transfers involved the participants … Continue reading

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UK accepts amendment forcing BOTs to make public registers of beneficial owners

The amendment to the Sanctions and Anti-Money Laundering Bill, which was strongly opposed by the Organisation of Eastern Caribbean States (OECS), still was accepted by the UK government. According to the new provisions to the legislation, British Overseas Territories will … Continue reading

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