At a recent Hong Kong event, representatives from the British Virgin Islands outlined the territory's efforts to meet international tax transparency standards.
At a Companies Registry's Corporate Governance Roundtable in Hong Kong, Leon Wheatley, Asia Representative of the British Virgin Islands Financial Services Commission, said that the territory operates and maintains a well-regulated financial services system.
He said the territory is committed to transparency, integrity, and proper regulation, according to international standard setters such as the OECD, the Financial Action Task Force and the International Monetary Fund, which have made periodic assessments of the jurisdiction's frameworks. As a result, Wheatley said, the British Virgin Islands has been placed "among the most compliant jurisdictions globally."
By Courtesy of Lowtax.net