The U.S. Virgin Islands has recently begun to offer significant corporate tax breaks to small businesses in an attempt to encourage job creation and diversity within the territory’s economy, currently valued at $4.2 billion.
In early March, Governor John P. deJongh toured New York with regional economic development officials to meet with investors and interested
The Government Employee’s Service Commission Health Insurance Board recently passed an important change to territorial government worker health policies in the U.S. Virgin Islands. The new rule stipulates that active government employees and retirees under the age of 65 are required to receive health risk assessments. The alternative is to pay a steep financial penalty
Recent concerns surrounding the U.S. Virgin Islands’ growing debt has led some to wonder whether the territory might soon face bankruptcy issues similar the city of Detroit, Michigan.
Detroit filed for Chapter 9 bankruptcy on July 18, 2013, and was declared eligible on December 3 of the same year. The municipal bankruptcy filing was the
A proposed law in the U.S. Virgin Islands legislature related to roadside signage may have a significant impact on local businesses if adopted by the 30th Legislature.
Currently, the yearly cost for posting business signs and roadside billboards is $10 per year, but the new law could increase that amount to $200. More specifically
The implementation of the Affordable Care Act (ACA) continues to move forward rapidly, with 7.1 million people signing up by April 1, 2014 through the exchanges created through the law. This is happening despite the fact that certain elements of the ACA lack a degree of clarity, especially related to how the law will affect
A key provision of the federal Agricultural Act of 2014 (known commonly as the farm bill), recently signed into law by President Barack Obama, may soon make cockfighting illegal in the U.S. Virgin Islands, Puerto Rico and Guam.
Currently, the laws related to cockfighting in U.S. territories are ambiguous. An entertainment tax is placed on
Starting a business can be complicated enough without having to deal with making unnecessary legal mistakes in the process. If you’re considering starting a business in the U.S. Virgin Islands, it’s important to be informed of the most common legal problems to avoid. By taking the following tips into consideration, you can make this process
Purchasing a commercial property can be a great investment, with the potential to earn you a sustained income now and in the years ahead. However, there are some key legal and financial issues to consider before moving ahead with your purchase. The following are four of these issues:
1. Determining the property’s value
First and
In January, the FBI arrested Rosemary Sauter-Frett, also known as Rosemary Sauter, a realtor accused of fleeing the U.S. Virgin Islands to escape prosecution for embezzlement. She had been on the run for nearly four years.
Now 62 years old, Sauter allegedly fled the Virgin Islands in February 2010 after checks began to bounce in
As Republican members of the U.S. House of Representatives prepare to release their policies for immigration reform in the coming days, lawmakers, immigration reform advocates and individuals close to the issue are straining for details. Continue Reading Uncertainty Looms as Congress Addresses Immigration Reform