20th March 2018 -- The British Virgin Islands (BVI) and European Commission have Co-Chaired a Financial Services Partnership Working Party (PWP) meeting in Brussels between the European Union (EU) and a number of Overseas Countries and Territories (OCTs) during which they discussed the EU's list of non-cooperative jurisdictions for tax purposes.
On 13th March 2018, European Commission officials from the Directorate General for Tax and Customs Union (DG TAXUD) and Directorate General for International Development and Cooperation (DG DEVCO) and Representatives and Technical Experts from Aruba, British Virgin Islands, Curacao, Cayman Islands, French Polynesia, Greenland, Montserrat, New Caledonia, Sint Maarten and Turks & Caicos Islands discussed the state of play of the listing process and ongoing engagement.
The participants also discussed beneficial ownership developments in the EU and OCTs and the EU's approach to taxation in the digital economy.
BVI London Office Director and UK & EU Representative Benito Wheatley co-chaired the meeting on behalf of the BVI and currently serves as the Co-Chair of the OCT/EU Financial Services Partnership Working Party.
“It is critical that the EU and OCTs maintain dialogue on tax and other financial services issues to gain a greater understanding of any concerns” Wheatley said.
He was joined by Deputy Director of the BVI London Office Dr. Sandra Besson and Economic Advisor Mr. Stephen Johnson.
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British Virgin Islands News