British Virgin Islands (BVI) in Disclosing Talks with US Government for US Citizens

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USAThe US is targeting citizens who find home to their companies in the BVI’s and avoid paying taxes. It has been reported that BVI officials have begun negotiations with US authorities as how to overcome the gap of tax evasion within the US. New regulations and compliance measures will see US taxpayers forced to disclose details of all assets held overseas. The move comes after the Cayman Islands have agreed to the same process only last week. BVI officials believe that compliance with regulations to be inherited is for the benefit of the islands. Other countries who are ready to follow US regulations are the Caribbean, Bahamas and Bermuda. In accordance to the above mentioned, if you believe that you may be affected – please feel free to contact our team for assessment of your scenario and options that we can provide in different jurisdictions.