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USVI: Revised horse racing deal adds 5-year SGVI commitment
VI CONSORTIUM
CHARLOTTE AMALIE, St Thomas, USVI- The Governor of the US Virgin Islands, Albert A. Bryan Jr, has submitted a revised horse racing agreement to the 36th Legislature that now requires SGVI to remain the promoter of horse racing for at least five years, removes a proposed full gross receipts tax exemption for entertainment activities at the racetracks, adds quarterly gaming revenue reporting, and doubles the St. Thomas-St. John Horsemen Association’s racino revenue share from 3% to 6%.
Increase payroll tax exemption to $15K- Hon Ronnie W. Skelton
ROAD TOWN, Tortola, VI- Opposition Leader Hon Ronnie W. Skelton (AL) has recommended that employees earning less than $23,000.00 annually be given an annual payroll tax exemption of the first $15,000.00 earned.
More details emerge of giveaways to Chinese Company in airport contract
ROAD TOWN, Tortola, VI- The National Democratic Party (NDP) Government headed by Dr The Honourable D. Orlando Smith came to power in 2011 on the rhetoric that the Virgin Islands Party (VIP) of then Premier Hon Ralph T. O’Neal OBE had chosen a foreign company, Biwater, for a water purchase agreement over a local company, Ocean Conversion (BVI) Limited.
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