BVI Leads Discussions At Financial Services Meeting In Brussels
18/12/2015
The Government of the Virgin Islands has sought further clarification from the European Union (EU) on the inclusion of the Territory and a number of Overseas Countries and Territories (OCTs) associated with the European Union on a pan-EU blacklist of non-cooperative tax jurisdictions published earlier this year.
BVI London Office Director and EU Representative, Mr. Benito Wheatley, co-chaired an EU/OCT Financial Services Partnership Working Party meeting held in Brussels on December 7. During the session, Director of Policy, Research and Statistics at the BVI Financial Services Commission, Mr. Cherno Jallow QC, along with other OCT technical experts, held technical discussions with European Commission officials from the Directorate General for Taxation and Customs Union (DG TAXUD).
The participants discussed the EU approach taken to the pan-EU blacklist in the context of cooperation between the EU and OCTs under the Overseas Association Decision (OAD). Mr. Jallow highlighted the high international standards that the BVI meets on tax and information exchange recognised by the OECD and other partners.
To read the full article, visit the Government of the Virgin Islands' Website.