Governor Mapp Promotes Virgin Islands On U.S. TV

The Virgin Islands is a very unique place to invest monies. -- Gov. Kenneth Mapp Gov. Kenneth Mapp on Tuesday appeared on the business news television channel Bloomberg TV as part of his tour to New York City with the V.I. Department of Tourism. He used the opportunity to praise the territory as one of the best places for businesses to set up shop, even suggesting the likes of tech companies Microsoft and Apple, Inc. "The Virgin Islands is a very unique place to invest and do business," the governor said. "We have a single tax code -- it's a meri Code of the Internal Revenue Service (IRS), but the Congress allowed the Government of the Virgin Islands to give up to 90 percent holiday on your U.S. corporate income tax obligations." Mapp was keen to mention the closure of the HOVENSA refinery and the jobs it has cost the territory. However, his remarks were induced with hope and promoted the territory as ripe for investment in various sectors. "We've had some closures of some ...