Jump to content

It's an ill wind...


Guided Missile
 Share

Recommended Posts

...but am I the only one that struggles to have any sympathy for the plight of the British Virgin Islands? The British Virgin Islands' premier, Orlando Smith, said:

 

....they would need long-term help from the UK: "We are a resilient people but this has shaken us to our core. "A comprehensive economic package for reconstruction backed by the UK Government will be needed over the long-term in order to return to normalcy,"

 

_97751959_mediaitem97751958.jpg

 

Meanwhile, that well known tax dodger, Sir Richard Branson is on the case:

 

He said he was there "to further mobilise aid efforts and rebuilding plans for the British Virgin Islands and wider Caribbean". Sir Richard said he would be talking to various governments and aid agencies as well as the media, and would be heading straight back to the British Virgin Islands to continue helping the recovery effort on the ground.

 

For those that are interested, the tax structure of the British Virgin Islands is as follows:

 

  • no capital gains tax,
  • no gift tax,
  • no sales tax or value added tax,
  • no profit tax,
  • no inheritance tax or estate duty, and
  • no corporation tax.

There is technically still income tax assessed in the British Virgin Islands for companies and individuals, but the rate of taxation has been set at zero.

 

The UK taxpayer gets mugged again....

Link to comment
Share on other sites

  • no capital gains tax,
  • no gift tax,
  • no sales tax or value added tax,
  • no profit tax,
  • no inheritance tax or estate duty, and
  • no corporation tax.

 

 

The UK taxpayer gets mugged again....

 

So no tax, and a lot of work to be done?

 

I sense an opportunity for us engineers!

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...

Important Information

View Terms of service (Terms of Use) and Privacy Policy (Privacy Policy) and Forum Guidelines ({Guidelines})