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Global Financial Secrecy Index lists VI at # 16
ROAD TOWN, Tortola, VI - On the heels of the United Kingdom (UK) upper chambers, the House of Lords, voting down a proposal on January 24, 2018 for the Virgin Islands (VI) and other Overseas Territories (OTs) to implement a public register that would reveal the names of beneficial owners of financial offshore companies registered in the Territory, the VI has found itself ranked number 16 on the 2018 Financial Secrecy Index (FSI) by the Tax Justice Network (TJN).
Report describes VI's company incorporation as 'flexible, lax, & see-no-evil'
ROAD TOWN, Tortola, VI – The Financial Secrecy Index 2015 published by the Tax Justice Network has given the Virgin Islands low marks for its financial secrecy which it said allows for the hiding and facilitating of all kinds of crime and abuses worldwide.
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