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BVI Tax Haven Picks Hong Kong For Drive Into Asia

The British Virgin Islands, a Caribbean tax haven, is to open an office in Hong Kong, amid mounting pressure on the city itself to be more transparent as offshore havens open up their financial secrets. The opening of an Asia-Pacific headquarters in Hong Kong is very important to the islands, a British Overseas Territory, said the islands' Premier and Finance Minister, Orlando Smith. "This government has long viewed the establishment of a far east BVI representative office as a major component of the strategy to expand and deepen the commercial footprint of the territory in this most important global market," Smith said.

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Uploaded on May 20, 2013

Categories news-tv

Tags news, group, reviews, tax, haney

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