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Ossie you must try harder..................is your heart in the job ?
The British Virgin Islands is among the territories to have signed up to George Osborne's
strategy on global tax transparency.
George Osborne claims to have won a significant victory in his campaign to open up secretive
British tax havens by revealing that all British overseas territories with significant financial centres
have signed up to the government's strategy on global tax transparency.
In a statement, the Treasury said that Anguilla, Bermuda, the British Virgin Islands, Montserrat
and the Turks and Caicos Islands have agreed to much greater levels of transparency of bank accounts
held in those jurisdictions, following on from a similar agreement signed by the Cayman Islands.
They have agreed to automatically share information bilaterally with the UK and multilaterally within
the G5, made up of Britain, France, Germany, Italy and Spain. Under this agreement, much greater
levels of information about bank accounts will be exchanged on a multilateral basis as part of a move
towards a new global standard.
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