Alex Cobham, from the global Tax Justice Network research and analysis group, said although BVI's commitment to publish records was welcome, it would have little effect.
Mr Fahie also voiced concerns that they could be misused by"the prurient and ill-intentioned", and could potentially breach the rights of law-abiding taxpayers.Ms Palstra, though, believes a legal duty to publish would have a deterrent effect on attempts to move dirty money to the territory. The islands allow large companies to avoid taxes and regulations of the countries where they operate, and played a significant role in the 2008 financial crisis.
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