June 01, 2016

For Corporate Tax Incentives, Don’t Overlook America’s Paradise

Alex Golubitsky and Namosha Boykin

Cross-border tax strategies are increasingly becoming the norm for companies large and small. Nowhere is this more prominent than in merger and acquisition planning. Historically, the demerit of utilizing offshore companies in tax structures is that such strategies often leave cash or other assets trapped outside the United States. The U.S. Virgin Islands (the USVI), also known as America’s Paradise, offers a solution for this problem. The USVI is part of the United States and, therefore, not offshore, but offers extremely low tax rates in certain circumstances.

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