Category Archives: Tax avoidance

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

Posted in British Virgin Islands, BVI Companies, Money Laundering, Offshore investment schemes, Offshore secrecy, Offshore tax havens, Tax avoidance, Tax Shelters | Leave a comment

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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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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Companies from British Virgin Islands to buy East Anglian properties

The companies registered in Guernsey, Jersey, the British Virgin Islands and the Isle of Man are revealed to be the biggest overseas buyers of property in East Anglia. Since 2015, offshore firms from these tax havens have spent more than … Continue reading

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17 jurisdictions blacklisted by EU, BVI receiving temporary pass

The EU has released blacklist of 17 countries which are said to be tax havens not doing enough to cope with offshore avoidance schemes. Among these countries there are the United Arab Emirates, Bahrain, Tunisia, Panama, South Korea, Macau, Barbados, … Continue reading

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BVI among countries named in new ‘Paradise Papers’ leak

In the end of last week the US-based International Consortium of Investigative Journalists (ICIJ), which released Panama Papers last year, made public the Paradise Papers, a leak containing over 13 million documents being sifted through by journalists in more than … Continue reading

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BVI company involved in Iceland’s former Prime Minister’s tax payment issues

It became known that Wintris, an offshore company registered in the British Virgin Islands and owned by the wife of former Primer Minister of Iceland, failed to pay taxes in Iceland for a period of several years. The existence and … Continue reading

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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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