According to French media station Rivera Radio, France’s Minister of Economy and Finance Bruno Le Maire, listed the BVI among four new countries to which now includes a total of 13 countries.
Apart from the BVI, the other countries named were Anguilla, Bahamas and Seychelles.
In a response to the recent news, Premier Andrew Fahie in a statement released on Thursday, January 9, stated that France had overlooked the good tax cooperation between them and the BVI in their decision to add the territory to the list.
“As our treaty partner, we continue to cooperate with France on an ongoing basis to meet our treaty obligations. However, there appears to be a misunderstanding and possible miscommunication on certain matters which we are working with our French partners to resolve,” Premier Fahie stated.
“For the duration of our relationship, we have diligently followed the processes laid out in the BVI-France Tax Information Exchange Agreement (TIEA) and will continue to do so. Thus, it is unfortunate that we were included on the French list while working through French requests,” he added.
Everyone has the right to make his own decisions, but none has the right to force his decision on others.