Worldwide:
BVI Now Ranks Amongst The US, UK And Hong Kong In The OECD's Latest Tax Transparency Ratings
24 September 2015
TMF Group BV
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In the latest report from the OECD's Global Forum on
Transparency and Exchange of Information for Tax Purposes, the BVI
was found to be "largely compliant" and rated on a par
with many other well respected jurisdictions such as Cayman
Islands, Germany, Hong Kong, Italy, Netherlands, Singapore, United
Kingdom and United States.
The OECD's Global Forum is charged with monitoring its 127
member states against agreed transparency frameworks and
information standards. The in-depth peer reviews cover both the
legal and regulatory framework of the jurisdiction and the actual
practical implementation of this framework.
This rating clearly recognises the dedication and commitment of
the BVI to meet international standards and best practice, and
showcases the BVI's desire to ensure that the territory's
services and product retain their pre-eminence in the global
arena.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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