From: William Blum
Sent: Tuesday, September 13, 2016 11:21 PM
To: jeffrey E.
Subject: RE: Virgin Islands Financial Services Improvement and Corporate Modernization Act
Not yet. I am waiting on input from Peter and Barry on both of those issues, especially the exit tax. We need to
understand, fairly precisely, how Apple/Microsoft, et al. are being taxed in Ireland in order to try to replicate that, if we
can, in the VI. They have promised some input from contacts who may know those types of details.
Bill
William Blum I Partner
SOLOMON BLUM HEYMANN LLP
40 Wall Street, 35th floor
New York, NY 10005
Tel
Fax
212.267.2030
Email
From: jeffrey E. [mailto:jeevacation@gmail.comj
Sent: Tuesday, September 13, 2016 7:17 PM
To: William Blum
Cc: Erika Kellerhals
Subject: Re: Virgin Islands Financial Services Improvement and Corporate Modernization Act
does it deal with inbound and outbound to the u.s. ? 367 etc„ or exit tax ?
On Tue, Sep 13, 2016 at 6:55 PM, William Blum wrote:
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Dear Jeff —
Here is what I am going to call the "First Draft" of the legislation. It is a cleaned up version of what I sent you Friday and
it has both (minor) substantive differences and formatting/renumbering changes, etc. It also has a four-page
explanation section at the end that reviews the bill and goes into detail on some of the important elements.
Please review and provide comments. I am also going to share this now with Peter Hiebert and Barry Hart as well as
with others in our firm who have worked on the bill.
In addition to comments and changes you may have, I expect that Peter and Barry, as well as other attorneys in both
firms will have some further suggestions which we will need to incorporate in future drafts before we send it on to the
Governor.
Also, the bill has not yet been thoroughly proofread or checked for consistent formatting. That will happen toward the
end after any substantive changes are made, but if you discover any errors, please let me know.
Also, let me know when you want to schedule a call to discuss.
Yours,
Bill Blum
William Blum I Partner
SOLOMON BLUM HEYMANN LLP
40 Wall Street, 35th floor
New York, NY 10005
Tel
Fax
212.267.2030 <tel:212.267.2030>
Email
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