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Britain advices BVI and other tax havens to implement more taxes
From British Virgin Islands Offshore , 2 year ago, Read 0 times. Similar articles
On October 29, 2009, an independent review commissioned by the UK Government was issued, led by Michael Foot, former managing director of the UK's Financial Services Authority. The main concern of the report is the analysis of the situation in the offshore financial centres that are British Crown dependencies. These are Guernsey, Isle of Man and Jersey (where the situation is more favorable than in remote jurisdictions), and offshore territories Anguilla, Bermuda, British Virgin Islands, Cayman...
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BVI FSC Updates the Status of Reserve International Liquidity Fund
From British Virgin Islands Offshore , 2 year ago, Read 0 times. Similar articles
The BVI FSC issued the sixth public statement concerning the status of Reserve International Liquidity Fund Ltd. The first directive on the Fund was issued by the Commission in October 2008, upon receiving the complaints from investors and allegations that the Fund has improperly valued its bond holdings. It required from the Fund to suspend shares redemption and to pay redemption proceeds to the Fund investors.On January 13 2009, the Commission amended the first directive to allow the fund to...
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BVI Territory Signs TIEA wil Ireland and China
From British Virgin Islands Offshore , 2 year ago, Read 0 times. Similar articles
December 7. The British Virgin Islands signed tax information exchange agreement with Ireland. The TIEA is based on a model agreement developed by the OECD, and will allow the British Virgin Islands to send requests to the Revenue Commissioners to obtain and provide information needed in the course of its tax investigations. Also, after this document is signed, the Revenue Commissioners from Ireland may request information from their counterpart in the British Virgin Islands.The information...
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BVI and Channel Islands accept Britain's businessmen
From British Virgin Islands Offshore , 2 year ago, Read 0 times. Similar articles
Daily Telegraph informed that the UK businessmen and financiers re-register their companies businesses outside the country in order to avoid 50 per cent income tax rate. Many British companies have registered in the Channel Islands offshore jurisdictions like Jersey, Guernsey and the Isle of Man. The British Virgin Islands are among the tax havens where number of registered UK companies has increased in the last year. There are now 6, 729 UK company directors in the Channel Islands and the Isle...
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BVI Premier Attended Eleventh OTCC Meeting
From British Virgin Islands Offshore , 2 year ago, Read 0 times. Similar articles
On December 9, the Overseas Territories Minister at the Foreign and Commonwealth Office in the UK Chris Bryant hosted the eleventh meeting of the Overseas Territories Consultative Council (OTCC) in London. The meeting was attended by Premiers, Chief Ministers and other representatives of the UK Overseas Territories - Anguilla, Ascension, Bermuda, British Virgin Islands, Cayman Islands, Falkland Islands, Montserrat, Pitcairn, St Helena, Tristan da Cunha, Turks and Caicos Islands. The BVI...
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BVI FSC Issued Advisory Warnings on Financial Services Companies
From British Virgin Islands Offshore , 2 year ago, Read 0 times. Similar articles
On November 17, 2009, the British Virgin Islands Financial Services Commission published Advisory Warnings concerning two offshore companies. One of the documents issued under Section 4 (1) (l) of the Financial Services Commission Act, 2001 informs the public that the company named Golden Gate Education Ltd., also known as Golden Gate Ltd. and FinancerzWorld, is not licensed to conduct financial services business in or from within the British Virgin islands. By the second document the BVI FSC...
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BVI FSC Issues Advisory Warnings on Two Companies
From British Virgin Islands Offshore , 2 year ago, Read 0 times. Similar articles
The British Virgin Islands Financial Services Commission has issued Advisory Warnings No. 21 and 22 of 2009.One of the documents both dated November 6 concerns Offshore Asset Management Inc. The Commission informs the public that this offshore company is not incorporated in the British Virgin Islands, and is not licensed to conduct any financial services business in or from within the jurisdiction.The second Advisory Warning provides information that HMNH Capital Management Ltd., also known as...
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Minister Julian Fraser Honoured by the League of BVIslanders in USVI
From British Virgin Islands Offshore , 2 year ago, Read 0 times. Similar articles
The Minister for Communications and Works of the British Virgin Islands Honourable Julian Fraser became one of Virgin Islanders honoured by the League of British Virgin Islanders during the 11th Annual Norwell Harrigan Memorial Scholarship Luncheon which was held on November 8, 2009 on St. Thomas, US Virgin Islands. The ceremony was attended by over 200 persons from both parts of the Virgin Islands, including BVI Premier Hon. Ralph O'Neal and Minister for Education and Culture Hon. Andrew...
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BVI FSC Issued Fifteenth Volume of Statistical Bulletin
From British Virgin Islands Offshore , 2 year ago, Read 0 times. Similar articles
On October 20, BVI FSC published fifteenth volume of its regular Statistical Bulletin, including statistics and analysis of financial services industry in BVI for the second quarter of 2009. The Statistical Bulletin for Q2 ended 30 June 2009 comprises following information:The Registry of Corporate Affairs reported that the number of newly registered business companies in this period was 9,871, compared to 12,307 in the first quarter of 2009 (fourteenth volume of Statistical Bulletin) and...
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BVI Government to Give Regulatory Approval to CFC
From British Virgin Islands Offshore , 2 year ago, Read 0 times. Similar articles
The Minister for Communications and Works of the British Virgin Islands and the Telecommunications Regulatory Commission have approved the application of National Rural Utilities Cooperative Finance Corporation (CFC) to acquire BVI Cable TV Ltd.National Rural Utilities Cooperative Finance Corporation is a cooperative that serves BVI rural utility systems, providing its members with an assured source of market-priced capital and financial products and services. The company has more than $20...
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BVI and Other Jurisdictions Protest Against Blaming Them
From British Virgin Islands Offshore , 2 year ago, Read 0 times. Similar articles
After the summit of the G-20 leaders, which was held on September 24-25 in Pittsburgh, Pennsylvania, offshore jurisdictions in the Caribbean and Atlantic regions started to protest against the attempts of the countries of the Group 20 to penalise them for not complying with taxation and transparency standards, which only become stricter, and take other steps that make the offshore centres the image of shady tax havens.The leaders, policymakers and business chiefs of the offshore centres,...
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