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Tax enforcement and compliance play a crucial role in maintaining the integrity and effectiveness of the British Virgin Islands' tax regime. The territory has implemented robust mechanisms and processes to monitor and enforce tax laws, investigate non-compliance, and impose penalties or sanctions on offenders.
As of 2019, the USVI courts apply both American common law [58] and the 2019 US Virgin Islands Code as passed by the territorial legislature. Because the USVI is not a state and Congress has not determined otherwise, the federal district court is an Article IV tribunal , subject to the authority of the United States secretary of the interior ...
In mid February 2017, the USVI was facing a financial crisis due to a very high debt level of $2 billion and a structural budget deficit of $110 million. The government introduced a "sin tax" bill that would introduce or increase taxes on rum, beer, tobacco products and sugary drinks, as well as internet purchases and timeshare unit owners.
The economy of the British Virgin Islands is one of the most prosperous in the Caribbean. Although tiny in absolute terms, because of the very small population of the British Virgin Islands , in 2010 the Territory had the 19th highest GDP per capita in the world according to the CIA World factbook . [ 4 ]
The British and US Virgin Islands sit at the axis of a major drugs transshipment point between Latin America and the continental United States. [3] The American Drug Enforcement Administration regards the adjacent US territories of Puerto Rico and the US Virgin Islands as a "High Intensity Drug Trafficking Area". [43]
British Virgin Islands passport holders can travel to United States Virgin Islands and then continue travel to other parts of the United States if they present a Certificate of Good Conduct issued by the Royal Virgin Islands Police Department indicating no criminal record. Uruguay: Visa not required [205] 90 days Uzbekistan: eVisa [206] [207 ...
Pitcairn Islands – Visitors intending to stay for up to 14 days do not need a visa or prior clearance, and may obtain permission to enter on arrival. Visits longer than 14 days or for employment or business purposes require an entry clearance, whose application should be submitted electronically at least 3 months before travel. [42]
A map of the United States Virgin Islands. U.S. Virgin Islands - NASA NLT Landsat 7 (Visible Color) Satellite Image. The United States Virgin Islands are a group of several dozen islands and cays located in the Caribbean, about 1,100 miles (1,770 km) southeast of Florida, 600 miles (966 km) north of Venezuela, 40 miles (64 km) east of Puerto Rico, and immediately west and south of the British ...