British Virgin Islands News

Political and business leaders are gathering on a billionaire's private island Friday to back a program aimed at expanding protection for the Caribbean's imperiled coasts and waters.

FENDI Casa , the Italian home furnishings designer, has been tapped to design a 1, 334-square-foot penthouse with sweeping views of the Caribbean.

One in ten British-registered FTSE 100 multinationals failed to disclose tax haven companies despite UK promising crackdown to help developing countries fight poverty.

The British Virgin Islands, known for its resorts as well as financial services, sees Hong Kong as ideal for its Asian hub.

HM Revenue & Customs has announced that it is working with tax administrations from the United States and Australia on analysing data to reveal "extensive use of complex offshore structures to conceal assets by wealthy individuals and companies". HMRC is still analysing about 400GB of data, and it said that early results show the use of companies ... (more)

Given the international financial climate, it is perhaps unsurprising that the past 12 months have seen unpredictable deal flows involving British Virgin Islands companies, with spikes of high activity interspersed with more cautious periods where clients adopt a 'wait and see' approach to the financial markets, and to doing deals generally.

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Tortola, the capital of the British Virgin Islands, which in turn is the global capital of offshore finance - how many UK companies have subsidiaries there? Photograph: Neil Rabinowitz/ Neil Rabinowitz/CORBIS Which major UK corporations keep subsidiaries in tax havens? The short answer, according to updated research by development charity ... (more)

An Indian-origin trade adviser is among nearly 1,000 high-profile Britons named on a vast database of offshore tax havens.

New submitter lxrocks writes "Tax authorities in the U.S., Britain, and Australia have announced they are working with a gigantic cache of leaked data that may be the beginnings of one of the largest tax investigations in history .

The government's tax office has launched fresh investigations into suspected tax evaders after receiving a huge haul of information about people using offshore schemes.

In further enhancing the territory's relationship with the overseas countries and territories of the European Union , premier of the British Virgin Islands Dr Orlando Smith hosted chairman of the Overseas Countries and Territories Association and president of the Territorial Council of St Pierre and Miquelon, Stphane Artano.

A FLASH FLOOD WATCH is in effect for Grimes, Montgomery, San Jacinto and Waller, Walker Counties until 6pm Friday.

MORE than 100 of Britain's richest people have been caught hiding billions of pounds from the taxman in offshore havens, prompting the UK to step up its efforts to clamp down on tax evasion.

Source: Mail The net closes in on super rich tax dodgers: Spies expose how hundreds of Britons are 'hiding billions' in foreign tax havens Hundreds of ultra-wealthy Britons are being investigated for tax evasion following the exposure of their secret offshore accounts.

As part of its strategy to boost ties with emerging markets in financial services and tourism, the British Virgin Islands government is forging ahead with plans to open a representative office in the Asia/ Pacific region in the coming months.

The Internal Revenue Service is teaming up with tax authorities in the United Kingdom and Australia to battle offshore tax havens after uncovering new information on specific taxpayers and advisors.

The British Virgin Islands and the Cayman Islands are currently in dialog with the UK government on a number of issues related to the UK's G8 economic agenda, including enhanced transparency and exchange of information for tax purposes.

By creating subsidiaries in tax havens like Ireland, Luxembourg, the British Virgin Islands and the Netherlands, the company saves billions in taxes.

Companies have been unveiled in the secretive British Virgin Islands linked to Hanover Group and overseen by the "right-hand man" of embattled businessman Mark Hotchin.