News
'Legal actions' needed for 50% remittance tax cut to take effect- Financial Secretary
ROAD TOWN, Tortola, VI- Persons sending monies out of the Virgin Islands (VI) via Western Union and Moneygram will notice that they are still paying a 7% tax on transactions, despite Government announcing it is slashing the fee by 50%.
The seven percent tax
Lorna M. George
There is an old adage that says, “God works in mysterious ways His wonders to perform”. My brothers and sisters who send our money to their native countries via transfer money services such as Money Gram and Western Union may have felt a bit disappointed when the government put a seven percent tax on money going out of the country.
‘We have nothing against anyone from Caribbean islands’- Premier Fahie
ROAD TOWN, Tortola, VI- With money transfer services not included in the list of essential businesses allowed to operate during the reopening phase of the Virgin Islands economy following a month of shutdown due to the COVID-19 pandemic, heaps of criticisms were thrown at the Government of the Virgin Islands by a large number of persons on social media.
USVI businessman admits to stealing over $1M from Moneygram
VI CONSORTIUM
CHARLOTTE AMALIE, St Thomas, USVI- A US Virgin Islands (USVI) businessman who operated a franchise under MoneyGram Payment Systems Inc has admitted to embezzling more than $1.4 million from the company, USVI Department of Justice Public Media Officer Corliss Smithen announced on April 11, 2017.
October trial for Denise Stanley for alleged theft, false accounting
ROAD TOWN, Tortola, VI – The trial of Denise Stanley will commence on October 3, 2016 when she is expected to defend against charges of theft and false accounting for allegedly converting monies entrusted to her into her own use and benefit.
UPDATE - Sprauve & Stevens get 15 years for Moneygram robbery
ROAD TOWN, Tortola, VI – Minutes ago in the High Court this morning July 24, 2012, Leonard Sprauve Jr. and Jason Stevens were sentenced to 15 years in prison for the January 21, 2011 Moneygram robbery.
UPDATE - Arraignment for alleged MoneyGram robbers pushed back again
ROAD TOWN, Tortola, VI - The five men accused of orchestrating and pulling off a daring robbery on MoneyGram, Fishlock Road branch on January 21, 2011, had the arraignment pushed back to May 14, 2012.