BVI360°

Reminders of the horrific events of September 2017 remain today, and there is still work to be done. The BVI in 2022 is completely unrecognisable from the devastating pictures that were beamed around the globe in the weeks after Hurricane Irma. The strength, determination and recovery shown by a territory is quite incredible, even more so given that it has taken place with limited outside support.

Advanced economies over the last few years have focused on implementing a global minimum corporate tax to thwart what is often dubbed a "race to the bottom”, or the concept of companies strategically shifting their profits from high-tax to low-tax jurisdictions to lower their tax rate​s.  In 2021, world leaders endorsed a global minimum corporate tax rate of at least 15 per cent to encourage companies to pay their fair share of taxes and to limit the benefits of companies’ profit-shiftin...

Debunking the myths: Participation in global tax initiatives), outlines how the British Virgin Islands (BVI) has signed up to multiple global initiatives which aim to improve transparency and aid in the fight against tax evasion.

Global BVI: Enforcing International Sanctions, we highlight the BVI’s commitment to upholding international sanctions and how the jurisdiction plays its part in the current sanctions directives.

BVI Finance released this week’s edition of the BVI360° series, titled, Resilient BVI: Global Pandemic, highlighting how the BVI’s financial services industry has fared during the Covid-19 global pandemic.

The BVI has established itself as agile, innovative and resilient financial centre, able to adjust to regulatory changes and rebound from economic challenges, natural disasters and global pandemics. International offshore centres like the BVI allow businesses to efficiently trade, transact and invest across borders, which expands markets and increases liquidity.