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House of Commons decision ‘does not speak well’ for VI-UK relationship- Dr Smith
During a press conference at the Office of the Premier today, May 2, 2018, Dr Smith was asked about that relationship following the surprise decision by the UK Government of Theresa M. May on May 1, 2018 to support a Bill brought to the House of Commons by the Opposition to make beneficial owners of offshore companies in the Overseas Territories (OTs) public.
A public ownership register could have an adverse impact on the offshore financial sector of the Virgin Islands.
And according to Premier Smith, the decision by the UK Government to support the amendment to the Bill, known as the Sanctions and Anti-Money Laundering Bill, “does not speak well about the partnership” that exists between the VI and UK Governments.
But Premier Smith reminded that the Bill was put forward by the Opposition and not the UK Government.
He also said he had a discussion with the Minister for Overseas Territories Lord Tariq M. Ahmad following the House of Commons decision. According to him, Lord Ahmad said the UK Government “worked as hard as they could”, however, they could “not avoid this result.”
The Leader of Government Business assured; however, that the VI Government will “continue to work to make sure that financial services continues to be relevant.”
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14 Responses to “House of Commons decision ‘does not speak well’ for VI-UK relationship- Dr Smith”
The Virgin Islands between a rock and a hard place now...we were properly set up between geo-engineered Irma, the Recovery and Development legislation and this Beneficial Ownership Legislation....a complete recipe for disaster.
Imagine these little islands facilitating significantly more in Foreign Direct Investment than the UK. This is the real problem, don't be fooled....Europeans have always been up to no good, the sooner we accept this fact the better our chances of surviving what they have planned for us. Stop selling out your country and people, you too will end up with nothing.
The issue with the government of the day, was, is and always will be, their lack of transparency and open honesty!
13 elected officials... why wasn’t one of our elected members selected to dialogue with class / respect to the lady from the House of Commons....
All first lady’s take a hands off approach in handling government affairs directly! It is their duty to support the husband and do humanitarian work! NOT TO TAKE ON TASKS...That are appointed for ELECTED GOVERNMENT OFFICIALS!
I mean Mr. John Cline or even Mr. Willock would have done a better job... since we just randomly sending people to talk on behalf of our country’s business!
All the boohooing about being a back bencher, you guys need to gain some muscle and put an end to this crap! If the rest of you band together against the sleeper, the bully, the TT man and his sister because I guess we put her in there... NOTHING CAN GO FORWARD! Clean this sh@t up! Sickening now!!!! Geeze.....
If you aren't children and you also can't provide for yourself then what does that make you, perhaps a people without GOOD leadership, a people without foresight now lost to starve without means to provide for themselves, all progress made in the past 20+ years to be destroyed Unless you decide to forge your own path.