Description
NOTES 665 Tax Lawyer, Vol. 56, No. 3 NOTE EQUALITY PRINCIPLE FOR VIRGIN ISLANDS TAX CLARIFIED BY THE THIRD CIRCUIT: CHASE MANHATTAN BANK V. GOVERNMENT OF THE VIRGIN ISLANDS In Chase Manhattan Bank v. Government of the Virgin Islands,1 the Court of Appeals for the Third Circuit held that interest on overpayments of income taxes owed by the taxpayer to the Virgin Islands Bureau of Internal Revenue (VIBIR) should accrue at rates applicable under the Internal Revenue Code,2 rather than at the higher...

Advertisement