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The British Virgin Islands has a number of other minor taxes and levies. These include: Car tax, under the Self-Drive vehicles (Rentals) (Taxation) Act (Cap 210) Hotel tax, under the Hotel Accommodation Taxation Act (Cap 205) Petroleum income tax, under the Petroleum Income Tax Act (Cap 209) Passenger tax, under the Passengers Tax Act (Cap 208)
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.
Bill No. 35-0116: A resolution honoring and commending Lieutenant Colonel Leayle Gerard Galiber for his leadership in the Virgin Islands National Guard and his dedication to the country and to the people of the Virgin Islands. Bill No. 35-0123: An Act to commission and direct the Virgin Islands Council on the Arts to construct and erect a ...
Income tax: it is the most important direct tax in many developed countries. It is based on incomes of taxpayers. A certain amount of money is taken from the wage of the individuals. When this type of tax is applied to corporations and firms, it is called corporate income tax. Transfer taxes: the most frequent form of transfer taxes is the ...
The Legislature of the Virgin Islands is the territorial legislature of the United States Virgin Islands. The legislative branch of the unincorporated U.S. territory is unicameral, with a single house consisting of 15 senators, elected to two-year terms without term limits. The legislature meets in Charlotte Amalie on the island of St. Thomas.
This is a list of U.S. Virgin Islands locations by per capita income. In the 2010 U.S. Census , the U.S. Virgin Islands had a per capita income of $21,362 and a median household income of $37,254. [ 1 ]
It works like this: A home with a taxable value of $100,000 and a combined millage rate of $5 for every $1,000 of property value would pay a $500 property tax bill. But not all properties are ...
Federal income tax was first introduced under the Revenue Act of 1861 to help pay for the Civil War. It was renewed in later years and reformed in 1894 in the form of the Wilson-Gorman tariff. Legal challenges centered on whether the income tax then in force constituted a "direct tax". In the Springer v.