BVI news : South Korea to collect 64m USD in tax thanks to Offshore leaks; public talk on FATCA

(via Bvi Beacon)

South Korean tax officials to collect $64m after VI data leak

“Months after a massive data leak made public the names of some Virgin Islands company owners, South Korea’s tax agency has ordered 11 of the country’s citizens to pay more than $64 million in overdue taxes.”

FATCA Talk : During a public meeting last week Doug Harrell, a consultant for KPMG, discussed the effects  that the United States’ Foreign Accounts Tax Compliance Act will have on the Virgin Islands. According to the article, the BVI government hired KPMG “to better understand individuals’ obligations and the ramifications for non-compliance, in addition to highlighting those persons who may be exempt from reporting under FATCA”

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One thought on “BVI news : South Korea to collect 64m USD in tax thanks to Offshore leaks; public talk on FATCA

  1. Pingback: BVI news : South Korea to collect 64m USD in tax thanks to Offshore leaks; public talk on FATCA

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