TAX REFORM

Terms of Reference

To provide advice to government that will enable a more favorable tax regime to be implemented thereby encouraging non-US companies to invest in the Territory and to assist existing local companies and investors to expand their present business and to explore with confidence new development opportunities to strengthen the economy.

Actions

Discussions with Governor regarding reforming the tax code. Second letter to the Governor proposing adoption of the US tax code, honoring existing tax treaties and a review of the tax exemption process.