“The British Virgin Islands’ leader said Tuesday that the Caribbean territory with a major offshore financial sector has started talks with the U.S. Treasury to comply with a law designed to crack down on offshore tax evasion. The territory of roughly 30,000 people near Puerto Rico is one of the world’s top offshore trust jurisdictions and the nominal home to more than 500,000 companies. It provides incorporation registries so global businesses can claim they are based on the islands and effectively sidestep taxes in countries where their work is performed. Premier Orlando Smith told reporters that his administration is negotiating an ‘intergovernmental agreement’ with Washington.”
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Money fund loses 0.3% of clients’ money to bailed-out African Bank
Shanghai Futures Exchange To Begin Gold/Silver Night Trading
Spanish bank deposits turn into a waking Iberian nightmare
The Brexit Short: How Hedge Funds Used Private Polls to Make Millions
Construction and Real Estate Hinder China’s Growth
Record return of Arctic ice cap as it grows by 60% in a year
Drones in the sky over America
Medical Marijuana for Kids Could Pit Parents Against Pediatricians
Finally, the SEC Goes After a Failed Bank’s Auditors
Lithuania turns Google Street View on tax cheats
If Senators Really Like Bitcoin They Should Encourage Banks To Cooperate
Feinstein Gun Control Bill to Exempt Government Officials
Russia diverts pension savings to plug budget hole for second year
New York cops’ massive salaries are robbing taxpayers blind
Gov. Christie Blames Regulators He Appointed for Tesla Sales Ban