'More poverty in VI now than ever' - Hon Fraser
400K plus companies registered – Hon Fraser
“You got over 400,000 companies registered in the Virgin Islands… of those 400,000+ companies that are registered in the Virgin Islands, 11,700 of them owns 23,000 properties in the United Kingdom, that is valued 63Billion dollars,” Hon Fraser told the house at a recent sitting.
He said even as the companies are worth billions, the territory only gets a meagre amount when offshore companies register, “and we are happy, everybody in the BVI is happy especially the government, because the government is skimming $173M off the top,” he said at the August 1, 2019, sitting of the House.
According to Hon Fraser, legislators cannot continue to see money pass through the country and not “even the green" off the dollar stays.
“But what about the people?” he questioned.
The Third District Representative pointed out that social services like the senior citizens' programme is now discontinued since the territory is not benefiting enough.
“I don’t see that level of frustration over this that we need to have,” he further lashed out.
More Poverty
According to Hon Fraser, “I’m seeing more poverty in this territory now than I’ve ever seen before and yet there are people who believe that things are good.”
“Those same people who run around saying that things are good, go check their bank account," he remarked while lashing out at the House that only drug dealers are doing well.
Hon Fraser in imploring the members to take action said, “the time is now that we must start making sure that this country benefits from the activities that are taking place here and whoever benefits from us, we have to benefit from them.”
5 Responses to “'More poverty in VI now than ever' - Hon Fraser ”
First if all the Hon. Julian Fraser is one of the longest serving members in the House of Assembly and he should have been contributing towards the improvement of the standard of living of the citizens. He has awoken from his sleep and see the light after sleeping through the many years. Furthermore those companies that are registered here are foreign companies and they do have other choices of jurisdictions to register their business. I do agree that we can ask the companies to assist with the building the social infrastructure of the territory, however, the manner of speech of the Hon. Member Fraser leaves much to be desired.
Now that we tried to pull ourselves up. The insurance companies are pulling the financial marrow out of our bones and raised our premiums to figures beyond our reach. The result, persons renting have to pass some of the buck to their tenant. Some people actually only making money to pay their insurance and not an investment as intended. But then again, their are those who don't have insurance, haven't changed a window or any upgrades and they raised their rent to whatever figure comes up in the raffle. A one bedroom that was $400.00 or $500.00 before is not $1,000.00. while there are people working for $6.00 an hour
Who from here and who not from here all have to pay the same price. It is just sad