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CHIEF MINISTER MEETS WITH US CONGRESSIONAL STAFFERS RE: OECD

The economic aspects of the Organization for Economic Cooperation and Development (OECD) came up for discussion here this week, during a meeting between Chief Minister the Honourable Ralph T. O'Neal and officials from the United States Senate.
The meeting was held Monday afternoon at the Chief Minister's Office and was also attended by Director of the Financial Services Centre Mr. Robert Mathavious. A similar meeting was scheduled with the Association of Registered Agents.
The visiting delegation included Mr. Andrew Quinlan, President, Centre for Freedom and Prosperity; Mr. David Burton, Partner, The Argus Group; Senior Congressional Staff members Lee Morris, Legislative Assistant to the Assistant Majority Leader Senator Don Nickles and Scott Bryan, Legislative Assistant to the House Appropriations Committee Member Representative John Doolittle. They arrived here April 8th and left April 11th.
According to the Chief Minister, the group was desirous of meeting with himself and Mr. Mathavious to speak on the economic aspects of the OECD initiatives and give an update on how these matters are progressing on Capitol Hill. The OECD has branded jurisdictions, including the BVI, with low taxes and financial privacy as "tax havens" and is threatening them with financial protectionism.
The Center for Freedom and Prosperity just completed a successful 5-day visit to Panama. Panama is also one of the 35 regimes on the original OECD list of low-tax countries.
While in Panama, the Center met with the Panamanian Business Association (sponsors of the trip) and the International Lawyers Association which is made up the 15 largest Panamanian firms including Morgan & Morgan, Sucre Arias & Reyes, Mossack Fonseca, Arosemena Noriega & Contreras, and Aleman Cordero Galindo & Lee.
'I understand that they were in Panama and they were very pleased with what they had to tell them, Hon. O'Neal reported. He said he understand's these officials are lobbying the United States Congress to see that the U.S draw away as far as possible from the OECD initiative.
The U.S is a member of the OECD. But as I expected, with the change of Presidents, they would not want to encourage OECD in what they are doing and this would be good for the BVI.

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			LOCAL NEWS

			CHIEF MINISTER MEETS WITH US CONGRESSIONAL STAFFERS RE: OECD The economic aspects of the Organization for Economic Cooperation and Development (OECD) came up for discussion here this week, during a meeting between Chief Minister the Honourable Ralph T. O'Neal and officials from the United States Senate. The meeting was held Monday afternoon at the Chief Minister's Office and was also attended by Director of the Financial Services Centre Mr. Robert Mathavious. A similar meeting was scheduled with the Association of Registered Agents. The visiting delegation included Mr. Andrew Quinlan, President, Centre for Freedom and Prosperity; Mr. David Burton, Partner, The Argus Group; Senior Congressional Staff members Lee Morris, Legislative Assistant to the Assistant Majority Leader Senator Don Nickles and Scott Bryan, Legislative Assistant to the House Appropriations Committee Member Representative John Doolittle. They arrived here April 8th and left April 11th. According to the Chief Minister, the group was desirous of meeting with himself and Mr. Mathavious to speak on the economic aspects of the OECD initiatives and give an update on how these matters are progressing on Capitol Hill. The OECD has branded jurisdictions, including the BVI, with low taxes and financial privacy as "tax havens" and is threatening them with financial protectionism. The Center for Freedom and Prosperity just completed a successful 5-day visit to Panama. Panama is also one of the 35 regimes on the original OECD list of low-tax countries. While in Panama, the Center met with the Panamanian Business Association (sponsors of the trip) and the International Lawyers Association which is made up the 15 largest Panamanian firms including Morgan & Morgan, Sucre Arias & Reyes, Mossack Fonseca, Arosemena Noriega & Contreras, and Aleman Cordero Galindo & Lee. 'I understand that they were in Panama and they were very pleased with what they had to tell them, Hon. O'Neal reported. He said he understand's these officials are lobbying the United States Congress to see that the U.S draw away as far as possible from the OECD initiative. The U.S is a member of the OECD. But as I expected, with the change of Presidents, they would not want to encourage OECD in what they are doing and this would be good for the BVI.
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