News
VI must reflect on financial independence achieved 40 years ago
By E. Benito Wheatley
It should not be taken for granted that the Virgin Islands (BVI) is today financially self-sufficient or that the Government’s finances are managed by a Minister of Finance, appointed from among the elected representatives of the Legislature (i.e. House of Assembly).
‘Public Registers’ danger demand greater focus & investment in VI Tourism—Wheatley
NEW YORK, NY, USA – There are serious economic and financial implications for the Virgin Islands (VI), as a consequence of the United Kingdom's (UK) decision, to impose public registers of beneficial ownership on the Overseas Territories (OTs), and in order to compensate, Tourism will have to take on a much more prominent role as a driver of economic growth in the medium and longer term.
Re-balancing the VI economy in wake of 'Public Registers Decision'
By E. Benito Wheatley
There are very serious economic and financial implications for the Virgin Islands (VI), as a consequence of the United Kingdom's (UK) decision, to impose public registers of beneficial ownership (public registers) on the Overseas Territories (OTs).
Dr Smith Gov’t warned of need for Plan-B in upcoming ‘UK fight’
NEW YORK, NY, USA – The government of the Virgin Islands (VI) is being called on to urgently prepare contingency plans, in wake of the impending deadline for the implementation of ‘public registers’—a United Kingdom (UK) decision, that is believed, will have a crippling effect on the Territory’s Financial Services sector.
Elise Donovan is the new interim Director BVI London Office
ROAD TOWN, Tortola, - Ms Elise Donovan has been announced as the incoming interim Director of the British Virgin Islands (BVI) London Office.
Claude O. Skelton-Cline calls for special sitting of HoA
ROAD TOWN, Tortola, VI- Former Managing Director of the BVI Ports Authority (BVIPA) and Social Commentator of the radio show Honestly Speaking, Claude O. Skelton-Cline, has made a call for a special sitting of the House of Assembly (HoA), to bring light to the future of the Territory, giving the new realities on the ground.
Ambassador Wheatley blasts PM May
LONDON, England, UK - It was on May 24, 2018, that the Virgin Islands (VI) diplomat E. Benito Wheatley told Prime Minister of Great Britain the Rt. Hon. Theresa M. May at Number 10 Downing Street that the “United Kingdom (UK) Government has undermined the partnership between the VI and the UK at a critical time when the islands remain extremely vulnerable and are recovering from two devastating category 5 hurricanes in 2017, while preparing for an active 2018 hurricane season.”
VI calls on UK for OTs to be included in Brexit arrangements
LONDON, England, UK- As the European Union (EU) and United Kingdom (UK) officially begin talks on a future relationship, the Virgin Islands [British] has called for inclusion in future arrangements.
VI & EU Co-Chair Blacklist meeting of OCT Jurisdictions
BRUSSELS, Belgium, EU- The British Overseas Territory of the Virgin Islands (VI) was recently placed on a grey list. This means that if certain steps are not taken to correct what the European Union (EU) regards as anti-tax avoidance standards the VI will be blacklisted.
E. Benito Wheatley Out! as VI Ambassador to London/EU
ROAD TOWN, Tortola, VI- It seems like the last few days were not good for diplomats around the world, including the Virgin Islands (VI).
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