78.5 F
Charlotte Amalie
Sunday, May 22, 2022
HomeNewsArchivesSEVEN NAMED TO TAX STUDY COMMISSION

SEVEN NAMED TO TAX STUDY COMMISSION

Nov. 28, 2001 – A review of the territory's tax laws is a little closer to getting under way with the appointment Monday of seven people to serve on a new Tax Study Commission.
Gov. Charles W. Turnbull appointed Internal Revenue Bureau director Louis Willis, Office of Management and Budget director Ira Mills and Finance Commissioner Bernice Turnbull to represent the government on the commission. Rosa White-Cromwell, president of the St. Croix Education Administrators Association, represents labor.
Marjorie Roberts, an attorney specializing in tax issues, represents the private sector from St. Thomas/St. John. Certified public accountants Pablo O'Neill and Franciso E. Depusior represent St. Croix.
The commission was established under the 2001 Omnibus Authorization Act and charged with creating a more business-friendly tax environment so as to promote both local and off-shore investment. It will take a close look at the territory's tax laws, evaluate the U.S. Internal Revenue Code as it is mirrored in the Virgin Islands and assess how changes in tax policy could affect business and development.
The panel is to submit recommendations to the government on reforming the tax structure to maximize revenues and provide tax relief to businesses without impacting individual taxpayers. In a Government House press release, the governor said that any alternative taxes must be carefully considered because they would impact the territory's residents.

Print Friendly, PDF & Email
Keeping our community informed is our top priority.
If you have a news tip to share, please call or text us at 340-228-8784.




Support local + independent journalism in the U.S. Virgin Islands

Unlike many news organizations, we haven't put up a paywall – we want to keep our journalism as accessible as we can. Our independent journalism costs time, money and hard work to keep you informed, but we do it because we believe that it matters. We know that informed communities are empowered ones. If you appreciate our reporting and want to help make our future more secure, please consider donating.

STAY CONNECTED

20,771FansLike
4,718FollowersFollow

FROM FACEBOOK

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons
Load more
Nov. 28, 2001 - A review of the territory's tax laws is a little closer to getting under way with the appointment Monday of seven people to serve on a new Tax Study Commission.
Gov. Charles W. Turnbull appointed Internal Revenue Bureau director Louis Willis, Office of Management and Budget director Ira Mills and Finance Commissioner Bernice Turnbull to represent the government on the commission. Rosa White-Cromwell, president of the St. Croix Education Administrators Association, represents labor.
Marjorie Roberts, an attorney specializing in tax issues, represents the private sector from St. Thomas/St. John. Certified public accountants Pablo O'Neill and Franciso E. Depusior represent St. Croix.
The commission was established under the 2001 Omnibus Authorization Act and charged with creating a more business-friendly tax environment so as to promote both local and off-shore investment. It will take a close look at the territory's tax laws, evaluate the U.S. Internal Revenue Code as it is mirrored in the Virgin Islands and assess how changes in tax policy could affect business and development.
The panel is to submit recommendations to the government on reforming the tax structure to maximize revenues and provide tax relief to businesses without impacting individual taxpayers. In a Government House press release, the governor said that any alternative taxes must be carefully considered because they would impact the territory's residents.