-VI not included

The goal post measuring financial jurisdictions shifted again last week, but the Virgin Islands still found scoring range and was rewarded by being left off a new black list drawn up by France. France has listed 18 countries accused of failing to cooperate on tax issues, and will slap punitive taxes on certain financial transactions involving them. The document, obtained by Reuters, was signed by Economy Minister Christine Lagarde and Budget Minister Eric Woerth and lists Central American and Asian countries as well as tiny Caribbean and Pacific island nations.

By definition, planning is the process of determining the organisation’s goals and outlining the means to achieve them. When we are getting ready to build a house we create a plan to do so.  Similarly, when you form a business, you must have a plan pointing out how this business will operate and how the desired goals for the business could reach to some point of fruition.

The British Virgin Islands Financial Services Commission strives to treat all customers with professionalism, transparency, efficiency, courtesy and fairness. Should any person be dissatisfied with the actions of Commission employees in performance of their duties, there are procedures designed that allow for the lodging or filing of a complaint.

UK lawmakers advised the government to challenge a proposed European Union law regulating hedge funds and private equity because it could make it harder for EU funds to compete. The government “should not agree” to the rules unless they are “compatible with equivalent legislation with regulatory regimes in third countries and in particular in the United States,” the House of Lords European Union Committee said in a report Tuesday. Fund managers risk losing “competitiveness at a global level” according to the report.

The Caribbean Tourism Organization (CTO) is forecasting a rebound in visitor arrivals in 2010 with moderate growth expected for the region on the heels of positive indicators from the fourth quarter of 2009.