U.S. VIRGIN ISLANDS GOVERNMENT RESPONDS TO UNJUSTIFIED 
DESIGNATION BY EUROPEAN UNION  
There	
  Is	
  No	
  Evidence	
  the	
  U.S.	
  Virgin	
  Islands	
  Has	
  Been	
  Used	
  to	
  Evade	
  or	
  Avoid	
  
Any	
  Taxes	
  Imposed	
  by	
  European	
  Union	
  Members 
	
  
ST.	
  THOMAS,	
  U.S.	
  VIRGIN	
  ISLANDS	
  (March	
  13,	
  2018)-­‐– The European Union, without 
justification, has added the U.S. Virgin Islands to its list of "non-cooperative 
jurisdictions" for tax purposes. 
 
There is no evidence that the U.S. Virgin Islands has been used to evade or avoid any 
taxes imposed by European Union Member States. In addition, as a Territory of the 
United States, the U.S. Virgin Islands is subject to U.S. laws that deal with ownership 
information for financial assets and that provide for sharing tax information.  
 
The U.S. Virgin Islands is neither a secrecy jurisdiction nor a so-called tax haven and will 
continue to cooperate fully with the U.S. federal government in implementing laws that 
provide for transparency and exchange of information. 
 
As the U.S. Virgin Islands continues to recover from the damage from the effects of 
Hurricanes Maria and Irma, we remain committed to attracting business and investment 
that will create increased economic activity and jobs.  
 
There is no evidence any of our recovery efforts or economic development programs are 
connected to the evasion or avoidance of any taxes imposed by European Union Member 
States. The U.S. Virgin Islands does not anticipate any significant adverse consequences 
to its economy or its ability to service its bonds as a result of the decision by the 
European Union to add the U.S. Virgin Islands to the list of non-cooperative 
jurisdictions.