AG George Says 3rd Circuit Court Ruling Paves The Way For Excise Taxes To Be Charged In The USVI

[TexasTowelie]

AG George Says 3rd Circuit Court Ruling Paves The Way For Excise Taxes To Be Charged In The USVI … Again


CHARLOTTE AMALIE — The U.S. Virgin Islands’ lost excise tax revenue grew to at least $74 million last month.

And Virgin Islands Attorney General Denise George thinks a Third Circuit Court of Appeals ruling made yesterday paves the way for the territory to resume collecting excise taxes.

U.S. District Court Judge Curtis Gomez stopped the local government from collecting excise tax in November 2018. Gomez said that that his temporary injunction stay in effect until USVI officials could prove they were applying the tax equitably in accordance with the provisions of the Commerce Clause of the United States Constitution.

AG George appealed that decision to the Third U.S. Circuit Court of Appeals in Philadelphia.

The decision refers to the case of Reefco Services, Inc. versus Virgin Islands Bureau of Internal Revenue, in which the territorial government appealed the federal court decision that kept BIR from collecting excise taxes, “thereby costing the GVI millions of dollars in revenues,” George said.

Read more: https://vifreepress.com/2020/10/ag-george-says-3rd-circuit-court-ruling-paves-the-way-for-excise-taxes-to-be-charged-in-the-usvi-again/