deJongh and Mundaca
Recently the St Croix Source published an article regarding Gov. John deJongh Jr. meeting with the new Assistant Secretary of the U.S. Treasury for Tax Policy Michael Mundaca. At this meeting Mr. Mundaca agreed to Governor deJongh’s request to establish a process to review residency and income-sourcing rules promulgated under the authority of the American Jobs Creation Act of 2004.
This is great news!
With the EDC Program generating 12% of the Gross Territorial Product, and 17% of tax revenues over the last 8 years, the prosperity of the EDC Program is essential to the U.S. Virgin Islands. If the U.S. Treasury does in fact relax the stiff Residency rules for the EDC Program, it will draw even more businesses into the EDC Program and create more prosperity for the U.S. Virgin islands. Clearwater Consulting Concepts supports Governor deJongh in this effort, and his other efforts, to build the foundation for an economic transformation that will bring decades of benefits to the U.S. Virgin Islands.
Clearwater Consulting Concepts had the pleasure of receiving the Founders Award at the Miss Virgin Islands Pageant on June 19, 2010. As the founder of the Miss Virgin Islands Scholarship Organization, Clearwater Consulting Concepts was recognized by the organization for its long standing efforts in the U.S. Virgin Islands community to support young women
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On June 1st, 2010, the Economic Development Authority hosted a Round-table dinner with EDA officials, EDC beneficiaries, and USVI dignitaries, such as Senator Hill and the First Lady Cecile de Jongh. Of interest was the information provided to the attendees regarding the real economic impact of the Economic Development Program on the US Virgin
Continue reading EDC Economic Impact Facts & Myth
Clearwater Consulting Concepts, in collaboration with New Image Foundation and the U.S. Virgin Islands Small Business Development Center, is delighted to have sponsored the introduction of The R Factor life skills training to the U.S. Virgin Islands community. The R Factor concepts and presentation was met
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WASHINGTON (Reuters) – Some 14,700 rich Americans worried about a U.S. government crackdown on offshore tax cheats came forward to participate in a tax amnesty program, U.S. Internal Revenue Service Commissioner Douglas Shulman told reporters in a telephone briefing on Tuesday.
Continue reading U.S. offshore tax amnesty yields big response: IRS
According to the recent article “12 Good Ecommerce Resources,” by Armando Roggio in Practicalecommerce.com, Armando says “Ecommerce entrepreneurs frequently earn their profits in small margins, where slight competitive advantages can be the difference between flourishing and floundering.”
He goes on to state: “Gaining a competitive advantage can be as simple
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Just weeks after the G20 Summit in March, the Obama administration unveiled their plan to reform international taxation in the United States with the White House press release titled “Leveling the Playing Field: Curbing Tax Havens and Removing Tax Incentives For Shifting Jobs Overseas“. This press release prompted the following headlines:
Continue reading Why the USVI as part of your global tax strategy
The Tax Foundation recently announced that Tax Freedom Day will arrive on April 13 this year, the 103rd day of 2009.
That means Americans will work about three and a half months of the year, from January 1 to April 13, before they have earned enough money to
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Some people I have recently spoken with have suggested the US Virgin Islands is just another “tax haven” wealthy individuals and businesses use to evade US taxes. Are they right?
According to the Organisation for Economic Co-Operation and Development (OECD) there is no precise technical definition of a “tax haven”. The OECD set out
Continue reading Are the US Virgin Islands a “Tax Haven”?
Minimizing income taxes, dividend taxes, property taxes, sales taxes, gross receipts taxes, excise taxes and even customs duties can give you an enormous advantage over your competition. Imagine if you could legally eliminate almost all of them! Well, you can!
How much more competitive could you be if you reduced your tax overhead by
Continue reading How the US Virgin Islands Can Give You an Enormous Competitive Advantage
