![]() Not long ago, I spoke to a lawyer with extensive experience of the island, who asked not to be identified because he still needs to work with Nevisian officials. While Nevis’s rivals have lost business by opening up, Nevis has doubled down on secrecy. The story of Nevis reveals the difficulties the world faces in trying to put an end to tax evasion, fraud and kleptocracy. Foremost among them is Nevis, a solitary volcano in the Caribbean with a population of just 11,000, which has been implicated in some of the most sordid financial scams of modern times, from Britain’s biggest-ever tax fraud to the fleecing of 620,000 vulnerable Americans in a $220m payday loan scam. Yet, at the heart of this increasingly encouraging picture, there remain a few holdouts – places that have stuck to the old habit of keeping the secrets of the powerful. Restricting the operations of tax havens, and enforcing true transparency on the ownership of property, is crucial if citizens are truly to take back control of their countries’ destinies. ![]() This, in turn, has eroded trust in democracy and capitalism all over the world. Tax havens have helped the world’s wealthiest and most powerful keep a disproportionate share of the benefits of globalisation, by preventing the rest of us from seeing how much they own. If denied access to the global financial system, or sanctioned by Brussels or Washington, an offshore centre could be put out of business altogether. Jersey’s banking sector is barely half the size that it was in 2007.Īlthough cooperating with outsiders in this way has proven expensive, the havens clearly concluded there was little choice. In the British Virgin Islands (BVI), where UK investigators now have access to corporate ownership information, the number of new companies created annually has fallen by more than 50% since 2012. Since Swiss banks were forced to open up by the US Department of Justice in 2010, their share of the world’s offshore wealth has dropped from almost half to less than a third. Then there’s golf, hiking, tennis, kayaking, horse riding, yachting and deep-sea fishing to try.This concerted campaign has threatened the tax haven business model. Trace the coast from Gallows Bay to the romance of Lovers Beach or move inland to the Botanical Gardens. Nevis is sensational for snorkelling, and you could find yourself in the company of Leatherback and Hawksbill Turtles. Venture beyond your pool deck and ‘Land of the Beautiful Waters’ is at your feet. This is luxury on a highly personal, wonderfully intimate scale. But at Paradise Beach Nevis, you share these idyllic surroundings with just ten other villas. In its 27th year, the Caribbean World Travel and Living Awards celebrate the best that the Caribbean has to offer while highlighting hotels, resorts, islands and industry personnel that have exceeded expectations over the last year.Īquamarine sea and utopian beaches is the Caribbean’s calling card. Their luxury villas and beach houses perfectly showcase just how exquisite a trip to Nevis can be.”Nevis was also shortlisted in the “Best Wedding Island”, “Best Honeymoon Island” and “ Best Golf Island” categories. The luxurious resort, nestled along the western shoreline of Nevis features a collection of eight secluded villas and five beach houses.Įach villa has private pools and kitchens, ideal for small or large groups of friends and corporate retreats.Ĭhief Executive Officer of the Nevis Tourism Authority, said: “We are delighted to see Paradise Beach Resort recognized as the best in class in the Caribbean when it comes to villa resorts. Paradise Beach Resort has been named “Best Resort Villa of the Year” in the 2021 Caribbean World Travel and Living Awards. Paradise Beach Resort #1 In Caribbean Awards
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