By the book
Here are the steps a businessperson could take to benefit legally from a Virgin Islands economic development program.
- Be a bona fide resident of the Virgin Islands
- Earn income that is "effectively connected" with a business in the Virgin Islands
- Get a credit of 90% on federal taxes
WASHINGTON -- The federal tax-fraud charges brought last week against prominent auto dealer Jamie Auffenberg threaten not only his reputation and personal freedom but also his businesses.