BVI represented at global tax transparency summit in London

BVI represented at global tax transparency summit in London


Benito Wheatley, British Virgin Islands’ UK representative, highlighted the territory’s value as an international finance centre stating, “The value proposition the BVI as a jurisdiction offers in the world economy is the legal certainty provided by the territory which practices English Common Law and is the headquarters of the Eastern Caribbean Supreme Court Commercial Division with appeal available to the Privy Council in the UK.”

He added, “Our corporate vehicles allow investors internationally to pool capital and invest in developing countries which urgently need capital to develop their economies and would otherwise not receive.”

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British Virgin Islands financial service fiscal tool news Lizette O. George

Reform R&D tax systems to boost innovation and help young firms, says OECD

Most OECD governments use tax incentives to encourage businesses to invest in research and development (R&D) to boost innovation and drive economic growth. Others, like China, India and South Africa, are doing the same. But reforming these incentives would give countries a better return on their investment and support young innovative firms that play a crucial role in job creation, according to a new OECD report.

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