The Decline and Challenges of the British Virgin Islands as a Tax Haven

5min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

This chapter explores the decline of the British Virgin Islands as a tax haven and the challenges it faces due to global regulations and financial developments. It discusses efforts to crack down on tax evasion and money laundering, the push for public disclosure of beneficial ownership, and the need for the BVI to adapt and diversify its financial services to remain competitive.

Three months into the counteroffensive, the military is reaping the fruits of several months of drone development. But as the war continues, will it be able to scale up its capacity and outpace Russia? New international laws cracking down on Caribbean tax havens seem to be working (10:03). And politicians reignite an old debate on official language use in Spain (17:21).

For full access to print, digital and audio editions of The Economist, try a free 30-day digital subscription by going to www.economist.com/intelligenceoffer