BVI-US TAX ACCORD SIGNED.(British Virgin Islands, United States; tax evasion accord)(Brief Article)

Caribbean Update | May 1, 2002 | Copyright

U.S. Treasury Secretary Paul O'Neill signed an information-sharing agreement with the British Virgin Islands to help U.S. authorities crack down on the use of offshore tax havens to hide illegal money, reports AP (April 3, 2002). It marks the Bush administration's latest effort to open financial institutions to greater scrutiny to prevent tax evasion. The agreement comes as the BVI is being taken off a list of countries that the Paris-based Organization for Economic Cooperation and Development has identified as being havens for tax evaders. The Bush administration has ...

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