[ISL] "Tax havens demand say in Brexit negotiations"
The Independent's Jon Stone notes that the various autonomous islands and archipelagoes under British sovereignty which have made their fortunate from exploiting their sovereign jurisdiction for financial purposes may be in for hard times.
British-controlled tax havens have demanded to be given a central role in the Brexit negotiation process.
Dr D. Orlando Smith, the premier of the British Virgin Islands, said overseas territories should “have our voice heard” as the UK leaves the EU.
He said the controversial territories required “high level engagement” in the process of the same sort as Scotland and the other devolved nations.
The British Virgin Islands (BVI), which styles itself as an offshore financial centre, has no capital gains tax, corporation tax, inheritance tax, or VAT. It is included on most lists of international tax havens.
[. . .]
Dr Smith is also the president UK Overseas Territories Association Political Council, which represents the interests of other overseas territories, many of which are also considered tax havens.
Anguilla, Bermuda, Cayman Islands, and Turks and Caicos Islands are also British overseas territories and have been labelled tax havens in the past.
British-controlled tax havens have demanded to be given a central role in the Brexit negotiation process.
Dr D. Orlando Smith, the premier of the British Virgin Islands, said overseas territories should “have our voice heard” as the UK leaves the EU.
He said the controversial territories required “high level engagement” in the process of the same sort as Scotland and the other devolved nations.
The British Virgin Islands (BVI), which styles itself as an offshore financial centre, has no capital gains tax, corporation tax, inheritance tax, or VAT. It is included on most lists of international tax havens.
[. . .]
Dr Smith is also the president UK Overseas Territories Association Political Council, which represents the interests of other overseas territories, many of which are also considered tax havens.
Anguilla, Bermuda, Cayman Islands, and Turks and Caicos Islands are also British overseas territories and have been labelled tax havens in the past.