Important Documents and Reports

U.S. VIRGIN ISLANDS GOVERNMENT RESPONDS TO UNJUSTIFIED DESIGNATION BY EUROPEAN UNION
3/13/2018 12:00:00 AM
U.S. VIRGIN ISLANDS GOVERNMENT RESPONDS TO UNJUSTIFIED DESIGNATION BY EUROPEAN UNION There Is No Evidence the U.S. Virgin Islands  Has  Been Used to Evade  or Avoid Any Taxes Imposed  by  European  Union Members ST. THOMAS, U.S. VIRGIN ISLANDS (March 13, 2018)-­-– The European Union, without justification, has added the U.S. Virgin Islands to its list of "non-cooperative jurisdictions" for tax purposes. There is no evidence that the U.S. Virgin Islands has been used to evade or avoid any taxes imposed by European Union Member States. In addition, as a Territory of the United States, the U.S. Virgin Islands is subject to U.S. laws that deal with ownership information for financial assets and that provide for sharing tax information. The U.S. Virgin Islands is neither a secrecy jurisdiction nor a so-called tax haven and will continue to cooperate fully with the U.S. federal government in implementing laws that provide for transparency and exchange of information. As the U.S. Virgin Islands continues to recover from the damage from the effects of Hurricanes Maria and Irma, we remain committed to attracting business and investment that will create increased economic activity and jobs.