Premier Andrew Fahie is assuring BVIslanders and Belongers that they will be given first preference for the 35 jobs expected to be made available at the International Tax Authority (ITA).
Speaking at a recent sitting of the House of Assembly, Premier Fahie said these locals will be given preferential treatment once they meet the required criteria.
“Do not think …. that I’m going to sit back as Premier like old times when these things happened before and just bring in a whole herd of people. I am not going to do it. I’ll be watching keenly and we are going to make sure that we advertise in every online [platform]. We are going to advertise in every newspaper, we are going to advertise on Facebook, we will send it out on WhatsApp so that as many of our people that are qualified to get those jobs,” Premier Fahie stated.
“Enough of this non-sense of rushing and bringing in people and our people don’t even have an opportunity and then we end up far behind,” Fahie added.
Prior to the ITA’s need for staff due to international pressure, Fahie said his intention was to train more BVI locals to work in the financial services industry.
This sudden need to expand the ITA is to prevent the BVI from being blacklisted as a ‘tax haven’ jurisdiction by the European Union (EU).
To facilitate the increase of staff at the ITA, amendments will have to be made to the Beneficial Ownership Secure Search system (BOSSs) Act which is currently being debated in the HOA.
That debate on BOSSs amendments will continue on Monday, August 26, when the House is scheduled to resume.
The ITA performs a critical role in ensuring the smooth implementation and operation of the economic substance reporting requirements, among other things.
Copyright 2022 BVI News, Media Expressions Limited. All Rights Reserved. This material may not be published, broadcast, rewritten or distributed.