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British Virgin Islands News

ATO Launches New Campaign Against Tax Evaders

by Mary Swire,, Hong Kong

Wednesday, December 9, 2015

As part of a crackdown on tax evasion, the Australian Taxation Office has confirmed that it has visited seven adviser firms linked to offshore arrangements and contacted more than 100 parents who paid school fees from overseas bank accounts. Read Full Story


OECD Releases New Tax Information Exchange Ratings

by Mike Godfrey,, Washington

Tuesday, August 11, 2015

The OECD's Global Forum on Transparency and Exchange of Information for Tax Purposes has published new peer review reports for 12 jurisdictions on the implementation of its global standards on transparency and the exchange of information in tax matters. Read Full Story


BVI Financial Services Industry To Take New Direction

by Mike Godfrey,, Washington

Monday, April 27, 2015

The British Virgin Islands Government has received a report that it commissioned on finding a new direction for the financial services industry, the recommendations from which will now be implemented. Read Full Story


BVI Updates FATCA Reporting Guidance

by Mike Godfrey,, Washington

Wednesday, April 1, 2015

The British Virgin Islands has published revised guidance notes on the international tax compliance requirements under its intergovernmental agreements with the United States and the United Kingdom. Read Full Story


Few Changes In British Virgin Islands' 2015 Budget

by Mike Godfrey,, Washington

Friday, December 19, 2014

The Government of the British Virgin Islands has announced a number of measures in the 2015 Budget to expand the territory's revenue base. Read Full Story


US MNCs 'Pay Over 27 Percent Tax On Foreign Income'

by Mike Godfrey,, Washington

Wednesday, May 21, 2014

A study by the Tax Foundation has found that, "while it is undoubtedly true that United States multinational companies use numerous tax planning techniques to minimize the taxes they pay on their foreign earnings," Internal Revenue Service data shows that the effective tax rate on their foreign income was 27.2 percent in 2010. Read Full Story


HMRC Welcomes Latest Anti-Avoidance Victory

by Robert Lee,, London

Wednesday, February 5, 2014

HM Revenue and Customs' latest court victory is "excellent news for the vast majority of taxpayers who play by the rules," the Exchequer Secretary to the Treasury has said. Read Full Story


French ETNC Black List Effective, Moscovici Claims

by Ulrika Lomas,, Brussels

Wednesday, January 22, 2014

French Finance Minister Pierre Moscovici has underlined the effectiveness of the country's so-called "black list" of states and territories deemed uncooperative in tax matters, insisting that the device has resulted in both Jersey and Bermuda cooperating fully with France in 2013. Read Full Story


Ukraine To Pinpoint Low Tax Countries

by Tatiana Smolenska,, Moscow

Thursday, January 2, 2014

The Ukrainian Government has undertaken a comprehensive analysis of 220 countries' corporate tax regimes to improve the efficacy of its newly-implemented "Law amending the Tax Code of Ukraine regarding transfer pricing." Read Full Story


OECD Reveals Global Forum Compliance Rankings

by Ulrika Lomas,, Brussels

Thursday, November 28, 2013

The Organization for Economic Cooperation and Development has ranked 50 countries and jurisdictions according to their compliance with international information exchange standards. Read Full Story



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