British Virgin Islands – Greenland to the rescue

Posted on

British Virgin Islands signs tax treaties - Forbes.com.

The British Virgin Islands is closer to getting off an international "gray list" of global tax havens.

The Caribbean territory said Monday it has signed tax information exchange agreements with the Nordic group of countries at Iceland's Embassy in Denmark.

Another deal with Greenland and the Faroe Islands goes to prove how absurd the OECD was in saying 12 Tax Information Exchange Agreements meant a place was internationally compliant.

There are mkore than 20 states in the G20.

There are 27 in the EU.

200 odd in the world.

Why 12?

It is completely illogical.

One example: as yet Italy and Spain have not a single Tax Information Exchange Agreement between them.