BVI compliant to tax standards

Officials in the British Virgin Islands (BVI) said an independent review of British Offshore Financial Centres shows that the BVI has been yielding to international standards.



The review was carried out by Michael Foot of the UK Treasury.



Mr. Foot said its important that Britain and its global partners recognise the role of financial centres such as the BVI in global capital markets.



Officials in the BVI have acknowledged that there\'s room for further improvement including legislative changes and the re-examining of some of the ways in which certain things are done.