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Premier Smith admits giving wrong information to public
ROAD TOWN, Tortola, VI - Often criticised by members of the Opposition and the media of giving inaccurate information to the public, Premier and Minister of Finance Dr The Honourable D. Orlando Smith has admitted to doing so.
VI & Cayman To Enter Into FATCA Model 1 Agreements With United States
By Jonathan Culshaw, Ross Munro & Peter RN Tarn
(MONDAQ)- The US Foreign Account Tax Compliance Act, commonly referred to as FATCA, became effective earlier this year, and foreign financial institutions ("FFIs") in every jurisdiction, including in the British Virgin Islands ("BVI") and the Cayman Islands, will be required to make certain reports to the US Internal Revenue Services (the "US IRS").
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