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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.
Toggle 34th Legislature of the U.S. Virgin Islands (2021) subsection. ... Download QR code; Print/export Download as PDF; Printable version; In other projects
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 ...
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.
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 Act was passed in a partial response to the cancellation by the U.S. government of a double taxation relief treaty between the British Virgin Islands and the United States. The British Virgin Islands was not alone in this regard; this was part of a policy of mass-repeal by the United States of double tax relief treaties with "microstates".
Hess Oil Virgin Islands Corporation started refinery construction in January 1966 having purchased the property from Annie de Chabert and, in October of the same year, the refinery started operating. [4] In 1974, the capacity of refinery was expanded up to its peak at 650,000 barrels per day (103,000 m 3 /d). Hovensa LLC, which took over the ...
The District Court of the Virgin Islands [1] (in case citations, D.V.I.) is a United States territorial court with jurisdiction over federal and diversity actions in the United States Virgin Islands, a United States territory and more specifically an insular area that is an unincorporated organized territory.
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