Category Archives: Tax avoidance

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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New US Treasury Secretary asked for tax haven problem decision

The new nominee of Trump administration for Treasury Secretary, Steve Mnuchin, was asked by Senate about his intention to close down Caribbean tax havens. Members of the US Senate requested details of how it is expected to close the tax … Continue reading

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Pakistan requesting information from BVI and some other countries authorities

Finance Minister of Pakistan has requested the Federal Board of Revenue (FBR) to seek information in the Panama and Bahamas leaks. Pakistan will ask for information from the tax authorities of nine jurisdictions, including British Virgin Islands, the Bahamas, Jersey, … Continue reading

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BVI and other jurisdictions to lose money for the US

According to the article from Bloomberg Businessweek, by Jesse Drucker, the US is becoming the “leading tax and secrecy haven for rich foreigners”, as it remained one of a few countries not to have signed on to an international standards … Continue reading

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About 30 Korean companies and individuals suspected of tax evasion

Korea’s National Tax Service launched an investigation into 30 corporations and individuals suspecting them of tax evasion with the help of offshore tax havens. According to the tax authorities of the country, the targeted entities and individuals are said to … 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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U.S. Department of Justice continues offshore enforcement measures

The U.S. Department of Justice confirmed its commitment to continue offshore enforcement efforts, during recently held tax conference. The senior Justice Department official mentioned enforcement announcements concerning British Virgin Islands, India, Israel, Liechtenstein, Panama and Belize. The official also commented … 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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Company receiving state contracts makes use of BVI-based companies

Virgin Care, one of private health providers that has been awarded contracts worth hundreds of millions of pounds, for more than 230 NHS and social care services, has been found to include

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