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The U.S. Virgin Islands legislature has 15 seats: 7 seats are for the Saint Croix District, 7 seats are for the Saint Thomas and Saint John District, and one seat is for someone who must live in Saint John. [2] The U.S. Virgin Islands have no municipalities; the only government is for the territory as a whole. [4]
Federal excise taxes collected on rum and other distilled spirits are rebated, or covered over, to the government of the Virgin Islands. [10] In 2013, federal programs and grants of $241.4 million contributed 19.7% of the territory's total revenues.
Composition of state and local tax revenues by sales taxes (brown), property taxes (white), licenses and other fees (grey), individual and corporate income taxes (green) in 2007. Determining the value of property is a critical aspect of property taxation, as such value determines the amount of tax due.
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 ...
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.
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 ]
Districts and subdistricts of the US Virgin Islands. In 1917, Saint Thomas was purchased (along with Saint Croix and Saint John) by the United States for $25 million in gold ($595 million today), [22] as part of a strategy to maintain control over the Caribbean and the Panama Canal during the First World War. The transfer occurred on March 31 ...
U.S. Virgin Islands Governor's Mansion may refer to any one of the three official residences owned by the government of the U.S. Virgin Islands and provided to the Governor of the United States Virgin Islands. One residence is located on each of the three largest inhabited islands of this U.S. territory in the Caribbean. The U.S. Virgin Islands ...