IRS Delivers Christmas Early to Virgin Islands

Posted on September 25, 2006 by Tom Bolt

The United States Internal Revenue Service delivered an early Christmas present to the United States Virgin Islands, its Economic Development Program and particularly to software developers and companies.  IRS Notice 76-2006 issued in late August specifically cited the USVI tax abatement program for utlization by software companies.  The lucrative benefits of the program include a 90% abatement of federal income taxes and a 100% abatement of all other taxes.

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