British Virgin Islands resists calls for concessions to end secrecy
Published:
May 11, 2016 at 7:02pm
UK Prime Minister David Cameron’s Anti-Corruption Summit begins tomorrow in London, but the British Virgin Islands, an overseas territory, is resisting his calls for concessions to end secrecy through the exchange of information. More than half of the offshore companies registered by Mossack Fonseca and revealed in the Panama Papers are registered in the British Virgin Islands.
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The European Union wants to make the automatic exchange of information a global standard.
