U.S. Virgin Islands Governor John P. de Jongh wants businesses to set up operations in the Caribbean. de Jongh tells TheStreet’s Joe Deaux the Virgin Islands offer businesses a 90% reduction in corporate income taxes and personal income taxes. While HOVENSA shut down refinery operations there in 2012, resulting in a $100 million revenue hit and 2,000 jobs lost, de Jongh says they still have some of the most aggressive incentives for firms to place operations there.
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