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E.U. Removes BVI From List of Non Cooperative Tax Jurisdictions; USVI Stays On

Angela Burns | February 20, 2020

TORTOLA BVI — The British Virgin Islands has been removed from the European Union’s list of non cooperative jurisdictions for tax purposes. In making the announcement in the House of Assembly on Thursday, Premier Andrew A. Fahie said this is a significant outcome and sends a very important message about good governance, transparency and accountability in the British Virgin Islands. In March 2019, the EU recognized the BVI as compliant with its fair taxation principles and a cooperative jurisdiction. However, the BVI and 33 other jurisdictions were placed on the Grey List, jurisdictions that are cooperative but which have additional technical issues to be addressed. With that, the BVI engaged in negotiations with the EU and brought legislation before the House in the last quarter of 2019, in an effort to enhance its Economic Substance regime.…

New Ocean Surfari Snorkel Boat Coming to St. Thomas

Staff Consortium | February 19, 2020

ST. THOMAS — The owners of Ocean Surfari Outfitters and Fishing Charter Company announced the arrival…

Plaza Extra East Offers Most Savings on Groceries…

Staff Consortium | February 19, 2020

The Department of Licensing and Consumer Affairs on Tuesday released its latest market survey findings,…

DLCA Implements Price List Reporting Changes for Wholesalers,…

Robert Moore | February 15, 2020

The V.I. government is tweaking the data collection process in hopes that more retailers in the territory…

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