BVI Tells UN Session It Acts As A Conduit For Investment
by Mike Godfrey, Lowtax.net, Washington
02 June, 2016
The British Virgin Islands has highlighted the territory's positive role as an international finance center at the 36th Session of the United Nations Economic Commission for Latin America and the Caribbean held in Mexico City.
The territory's Minister for Trade, Investment Promotion, and Consumer Affairs, Marlon Penn, said: "The British Virgin Islands contributes positively to the world economy by facilitating the efficient pooling of capital by international investors which is then invested largely in developing and emerging economies in critical sectors such as infrastructure."
He added that this has "supported the growth of trade and commerce and the creation of jobs."
Penn further said that the territory strikes an appropriate balance between transparency and privacy. "We do not tolerate the abuse of our corporate structures and ... take decisive action when wrongdoing is identified," he said.
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