BVI Government Representatives Meeting EU Officials

According to the statement issued by the BVI Government, its London Office Director and EU representative recently co-chaired an EU/OCT Financial Services Partnership Working Party meeting in Brussels, Belgium, having discussed the issue why earlier this year BVI was placed on the list of non-cooperative tax jurisdictions.

The Director of Policy, Research and Statistics at the BVI FSC Cherno Jallow and other OCT technical experts had the meeting on the issue with European Commission officials from the Directorate General for Taxation and Customs Union, talking about the European Union position on blacklisting of Overseas Territories. By words of Jallow, the sides agreed that the inclusion of countries on the list had to be further considered in connection with co-operation between the EU and OCTs in the sphere of financial services.

Other issued discussed during the meeting were operation of the platform for tax good governance, re-launching of the common consolidated corporate tax base (CCCTB), Country-by-Country reporting and other EU initiatives.

The BVI FSC representative also had a meeting with the UK person on the European Parliament, Daniel Dalton, to brief him on the “high international standards met by the BVI on tax and transparency during the meeting”.