News
EU Blacklist is about racism & discrimination towards competition- Caribbean Economist
HAMILTON, Bermuda – Caribbean Economist Marla Dukharan in her analysis of economic measures from Europe on small Caribbean states says that those measures are used as a disguise to stymie competition in the region using racism and discrimination.
EU blacklisted 17 countries including St Lucia, Trinidad, Barbados, Panama
ROAD TOWN, Tortola, VI- It appears that the big European Powers are at it again, trying to destabilise the economy of small island states, who are for the most part doing nothing illegal.
President Trump’s nominee for Treasury Sec under fire over ‘tax haven’
ROAD TOWN, Tortola, VI- While the Virgin Islands is hoping that President Donald J. Trump’s (R) Administration is more friendly to the off shore financial sector, his nominee for the post of Treasury Secretary Mr Steven T. Mnuchin, the post equivalent to our Financial Secretary, came under fire during his confirmation hearing a few days ago on the issue of so called tax havens.
Panama Papers: Mossack Fonseca leak reveals elite's tax havens
BBC NEWS
A huge leak of confidential documents has revealed how the rich and powerful use tax havens to hide their wealth.
VI played a role in FIFA corruption scandal- US Justice Dept
ROAD TOWN, Tortola, VI- President of the BVI Football Association (BVIFA) Andy Bickerton recently said the FIFA corruption scandal would have no adverse effect on the construction of the stadium at East End, however, it seems there could be some adverse effects to the image of the Virgin Islands financial services sector which is already coming in for criticism due to information that the Virgin Islands may have played a part in ‘masking kickbacks’ between FIFA officials and executives.
'Comments & criticisms are cheap!' – HE John S. Duncan
WICKHAMS CAY II, Tortola, VI – Weeks into his appointment as Governor of the Virgin Islands (VI) His Excellency Mr John S. Duncan OBE has begun to be liberal about his takes on certain things especially when it comes to the assessing of the status of the VI economy.
Tax havens urged to expose firms hiding fortunes on their shores
THE GUARDIAN
Campaigners have urged Britain's overseas territories to expose the true owners of shell companies set up on their shores to curb illicit financial flows that deprive poor countries of billions of dollars.
Global investment falters but tax havens prosper, U.N. finds
By Tom Miles, REUTERS
Efforts to stop companies syphoning money through tax havens are failing and offshore centres increased their share of foreign direct investment (FDI) again last year, according to a U.N. report.
G8: David Cameron faces 11th-hour battle over objectives
UK Guardian
David Cameron's key objectives at the G8 summit next week – cracking down on tax havens, launching EU-US trade talks and progress to a Syrian peace conference – were still meeting resistance on Thursday as he battled to win over key allies.
Cameron calls in tax havens ahead of G8 summit in June
Overseas Territories Review
David Cameron has asked the senior ministers of all Britain's overseas territories – including Bermuda, Jersey and the British Virgin Islands – to London on the eve of this month's G8 summit to urge them to root out the multibillion-pound evasion industry by signing up to agreements to share tax information.
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