Date: January 20, 2005
Contact: Sandra Brunet
Phone: 340-774-2991
ACTING GOV. ANNOUNCES GVI SUBMISSIONS TO U.S. TREASURY RELATIVE TO
EDC PROGRAM POSTED ON RevitalizeStCroix.com
Acting Governor Vargrave Richards announces to all interested parties
that the position of the Government of the Virgin Islands, as well as
related articles on issues affecting EDC beneficiaries, have been posted
to the Lieutenant Governor’s RevitalizeStCroix.com website, also
accessible through a link from the Lieutenant Governor’s website:
www.ltg.gov.vi.
“Developments in the EDC Program over the course of the past
several months are available for review on the Lieutenant Governor’s
website listed above,” Acting Governor Richards shared. “Issues
relative to V.I. residency, V.I. source and effectively connected income
as set forth in the various GVI submissions by Washington counsel Winston
and Strawn to the U.S. Department of Treasury are included for perusal
by beneficiaries and the general public. The V.I. Government is continuing
to work with the federal government to develop guidance on these issues
in proposed regulation expected to be issued shortly by the Treasury
Department.”
Acting Governor Richards said that the GVI would continue to vigorously
assert its position on these issues in all forums.
Additionally, the Acting Governor states that postings on the website
will continue as submissions, relevant information and developments
arise. The website is intended to keep beneficiaries and the public
informed about the critical issues and developments affecting the EDC
community and the Government of the Virgin Islands. An EDC Newsletter
has also been developed and posted on the website.
Questions regarding information on the website can be addressed to
Ms. Brunet, Policy Advisor to the Lieutenant Governor at 774-2991 or
Atty. Kleeger at 773-6449.
