Search Results for: BVI
BVI hires second attorney to stay off EU’s blacklist
November 8th, 2018
The Government of the British Virgin Islands (BVI) has hired another attorney from the UK to draft legislation intended to keep the territory off the European Union’s blacklist of tax haven jurisdictions. The government will not be incurring any ...
BVI Shrugs Off Recent Financial Services Criticism
May 11th, 2016
The Premier of the British Virgin Islands, Orlando Smith, has reiterated his Government’s commitment to the territory’s financial services industry. Smith stated, “Our financial services industry remains strong and our commitment to it is rock solid.” He added that ...
BVI Removed From French ‘Blacklist’
December 28th, 2015
The British Virgin Islands (BVI) has been removed from France’s list of non-cooperative tax jurisdictions as a result of greater cooperation between the jurisdictions. The BVI said it had responded to almost all of France‘s requests for information to ...
BVI Launches FATCA Reporting Platform
May 4th, 2015
The British Virgin Islands (BVI) Government has told financial institutions that the deadline for registration under its newly launched Financial Account Reporting System (BVIFARS) to facilitate FATCA compliance is June 1, 2015. Financial institutions required to submit information to ...
AbbVie calls off $55 billion acquisition of Shire
October 21st, 2014
U.S. drugmaker AbbVie Inc (ABBV.N) said on Monday it has reached agreement with Shire Plc (SHP.L) to officially call off its proposed $55 billion purchase of the Irish company, and will pay Shire a $1.64 billion breakup fee for ...
BVI Welcomes International Recognition for Financial Center
October 16th, 2014
The Premier of the British Virgin Islands, Orlando Smith, has welcomed recent recognition for the territory from two new independent surveys about offshore financial centers. The BVI achieved the highest rating among offshore centers in the Global Financial Centers ...
AbbVie board goes against £32bn Shire takeover deal
October 16th, 2014
US drug firm AbbVie has recommended that is shareholders vote against a £32bn takeover offer for rival Shire. It said recent tax changes had introduced an “unacceptable level of uncertainty” to the deal. AbbVie, based in North Chicago, Illinois, ...
AbbVie says to reconsider recommendation for Shire acquisition
October 15th, 2014
AbbVie Inc (ABBV.N) said it intends to reconsider its recommendation to its shareholders to vote in favor of the 32 billion pound ($54.7 billion) merger with Shire Plc (SHP.L) due to the changing U.S. tax regulations. Chicago-based AbbVie, which ...
BVI Receives 2014 Offshore Estate Planning Gong
September 9th, 2014
The British Virgin Islands has been awarded the 2014 Offshore Excellence Award in Estate Planning by publishers Acquisition International. Receiving the award on behalf of the territory, Executive Director of the BVI International Financial Center, Sylvia Moses, said the ...
AbbVie-Shire Deal Is Expected, in a Flight to a Lower-Tax Locale
July 18th, 2014
The biggest deal of the year is set to be announced on Friday morning, as the pharmaceutical giant AbbVie plans to announce a $53 billion acquisition of Shire, according to people briefed on the matter. The deal will allow ...
