Caribbean News Now!

About Us Contact Us

Countries/Territories

Jump to your country or territory of interest

Advertise with us

Reach our daily visitors from around the Caribbean and throughout the world. Click here for rates and placements.

Contribute

Submit news and opinion for publication

Subscribe

Click here to receive our daily regional news headlines by email.

Archives

Click here to browse our extensive archives going back to 2004

Also, for the convenience of our readers and the online community generally, we have reproduced the complete Caribbean Net News archives from 2004 to 2010 here.

Climate Change Watch

The Caribbean is especially vulnerable to rising sea levels brought about by global warming. Read the latest news and information here...

Travel


Follow Caribbean News Now on Twitter
Connect with Caribbean News Now on Linkedin



News from the Caribbean:


Back To Today's News

Former USVI revenue chief and local businessman charged with tax evasion
Published on February 15, 2014 Email To Friend    Print Version

ST THOMAS, USVI -- Attorney General Vincent Frazer said on Friday that Louis Willis, former director of the US Virgin Islands Bureau of Internal Revenue, and Gerald Castor, president of Balbo Construction, Inc., had been arrested on charges of conspiracy to evade gross receipts tax and other underlying offences pursuant to warrants issued by Superior Court Judge Douglas Brady. Both defendants were due to make initial court appearances before a Superior Court Magistrate on Friday.

According to an affidavit supporting the arrest warrant, signed by IRB Special Agent Janine Claxton, Willis and Castro conspired to evade or defeat the assessment of the gross receipt taxes of Balbo Construction by understating 27 monthly gross receipt tax returns to the total sum of $2.9 million resulting in a gross receipt tax liability of over $118,000 owed to the US Virgin Islands.

Frazer explained that the case stems from a joint investigation by the VI Bureau of Internal Revenue and the Internal Revenue Service. The result of the joint investigation was referred to the VI Department of Justice by the Office of the United States Attorney for local prosecution as the delinquent Gross Receipts Tax is a local offence.

If convicted, Willis and Castor face a maximum prison sentence of five years and fines of up to $10,000.

Frazer reminded the public that an arrest filing of criminal charges is not an indication of guilt. The defendants are presumed innocent until proven guilty.
 
Reads: 5766





Click here to receive daily news headlines from Caribbean News Now!



Back...

Comments:

No comments on this topic yet. Be the first one to submit a comment.

Back...

Send us your comments!  

Send us your comments on this article. All fields are required.

For your contribution to reach us, you must (a) provide a valid e-mail address and (b) click on the validation link that will be sent to the e-mail address you provide.  If the address is not valid or you don't click on the validation link, we will never see it!

Your Name:

Your Email:

(Validation required)

Comments:
Enter Code





Disclaimer
User comments posted on this website are the sole views and opinions of the comment author and are not representative of Caribbean News Now or its staff. Caribbean News Now accepts no liability and will not be held accountable for user comments.
Caribbean News Now reserves the right to remove, edit or censor any comments. Any content that is considered unsuitable, unlawful or offensive, includes personal details, advertises or promotes products, services or websites or repeats previous comments will not be approved.
Before posting, please refer to our Terms of Use and Privacy Policy.



Other Headlines:



Regional Sports: