Our Scans · British Virgin Islands · Weekly Summary

• Agrigento will be the Italian Capital of Culture in 2025, and suffering a severe water crisis, the British Virgin Islands possibly has too many cruise arrivals for local resources to keep up, and Kerala has suffered devastating landslides and environmental degradation due to overdevelopment. Forbes
• Intense and unpredictable rainfall patterns have led to severe flooding across several Caribbean countries, including Barbados, Belize, British Virgin Islands, Dominica, Grenada, Saint Vincent and the Grenadines and Trinidad and Tobago. ReliefWeb
• Between 100 and 150 millimeters of rain is expected in the U.S. and British Virgin Islands and between 150 to 200 millimeters in Puerto Rico. CBC
• Storm surge could be as high as 3 feet on parts of the eastern coast of Puerto Rico and the U.S. and British Virgin Islands with large and destructive waves. Orlando Sentinel
• Forecasters warned of dangerous surf and rip currents in Lesser Antilles, the British and U.S. Virgin Islands, Puerto Rico, Hispaniola, the Turks and Caicos Islands, the Bahamas, Bermuda and parts of the U.S. southeast coast. Yahoo News
• The beaches of the Dominican Republic, Haiti, Puerto Rico, the U.S. Virgin Islands, British Virgin Islands, the Lesser Antilles Islands, Barbados and Trinidad will likely remain threatened by seaweed for the next one to two months. The New York Times
• European Union finance ministers plan to add Russia, Costa Rica, British Virgin Islands and Marshall Islands to its list of tax havens today. Tax Policy Center
• One of the projects that Diaz and Teelucksingh are working on is a 2.5 megawatt solar plus 8.5 MW storage microgrid in Paraquita Bay in the British Virgin Islands. RMI
• American Airlines plans to launch flights to the British Virgin Islands for the 2023 summer season, a boost for the Caribbean territory that has been actively seeking to attract service from a North American airline. Routes
• Smaller countries viewed as tax havens, such as the British Virgin Islands and Switzerland, will also experience large losses. Byline Times
• Britain is monitoring hundreds of businesses that could be using havens offshore to lower their tax bills under a new system that requires authorities from the British Virgin Islands to the Caymans to share information. Business Matters
• A Foreign Office minister has flown to the British Virgin Islands to hold urgent discussions on how sanctions against Russian oligarchs with cash stored in the secretive islands can be implemented, amid fears. The Guardian
• Increased scrutiny threatens British Virgin Islands and wealthy clients. Financial Times
• The European Union is expected to add Bermuda, the British Virgin Islands, Israel and Russia to a so-called grey-list of tax-havens. IFC Review
• While low-tax jurisdictions such as Bermuda and the British Virgin Islands are the obvious target of the far-reaching Pillar Two, jurisdictions such as Malaysia, Singapore and Hong Kong can expect to feel some pain too. CPA Australia
• Talon Metals, a British Virgin Islands-based mineral development company, announced an off-take agreement with electric automaker Tesla for 75,000 tons of nickel starting in 2026. Minnesota Reformer
• Grenada and Sao Tome and Principe jumped up from Level 2 (moderate Covid-19 risk) while the British Virgin Islands leapt up from Level 1 (low Covid-19 risk). Forbes
• Structure, which is incorporated in the British Virgin Islands, will enable customers to invest in tokenized stocks, options, cryptocurrencies and tokenized exchange traded funds. Kitco News
• About 9,000 tax officials will move to an office that is owned by Tory party donors through an offshore company based in the British Virgin Islands, a tax haven. The Times
• The International Tax Authority of the British Virgin Islands will soon issue its Economic Substance Code. Maples Group
• If implemented, countries such as the Netherlands and Luxembourg that offer lower tax rates, and so-called tax havens such as the Bahamas or British Virgin Islands, could lose their sheen. NextIAS
• The National Hurricane Center advises of a risk of wind and rainfall impacts as far north as parts of the British Virgin Islands. U.S. Embassy in Cuba

Last updated: 17 June 2025