UK to help BVI counteract STD

The UK government has stated that it will help the British Virgin Islands to counteract any negative effects from the EU Savings Tax Directive (STD). Dawn Primarola, the UK's paymaster general, gave a list of assurances in a recent letter to the islands' chief minister Dr Orlando Smith, according to website Caribbean News. The form of the help is fairly nebulous, however. The list includes a promise that the BVI will be encouraged to participate in any future developments of the STD and that the UK government will use its influence to remove the BVI from inappropriate global blacklists. ...