This content is from: Transfer Pricing

New British Virgin Islands report rouses tax haven controversy

Offshore companies in the British Virgin Islands own assets of more than $1.5 trillion, according to a locally-commissioned report released on Wednesday. The report claims that the zero corporation tax-jurisdiction is not a tax haven, and looks to promote the British Virgin Islands over other tax neutral jurisdictions such as Delaware. But tax justice activists point to the underlying invitation to build avoidance schemes.

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