British Virgin Islands to Join Inclusive Framework for Implementation of BEPS Measures and Implement other Transparency Standards

According to the 2017 Budget address recently delivered by the BVI government, the BVI intends to join the Inclusive Framework for the global implementation of the BEPS Project in 2017. As a member of the Framework, the BVI will commit to the implementation of four minimum standards, including those developed under Action 5 (Countering Harmful Tax Practices), Action 6 (Preventing Treaty Abuse), and Action 14 (Dispute Resolution), as well as Country-by-Country (CbC) reporting under Action 13 …