Monday, January 30, 2006

Delegate Expresses Disappointment at New EDC Regulations

Delegate to Congress Donna M. Christensen said today that she is disappointed that the final regulations issued today by the U.S. Treasury Department to govern the Virgin Islands Economic Development Commission (EDC) tax program, did not provide more of the relief that the territory had requested.

Christensen said that she will press Congress, even more vigorously than she has been, to provide relief for beneficiaries of the tax program now that final residency regulations have been issued by the U.S. Department of Treasury.


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