I happened across an interview with the very successful Dennis Stattman, Portfolio Manager, BGF Global Allocation. Â An individual that was once with the World Bank and is now head of BlackRock Global Allocation. Â Investors have taken notice of his consistent success rate and we can take notice of his choice of the place to vacation and to own property. Â Morningstar Advisor Magazine (based in the UK) posed 10 questions to Mr. Stattman, question #9. “If you could go anywhere in the world for a vacation right now, where would you go? Â I think I can go anywhere, and where I’m going is St. John, U.S. Virgin Islands. Â It’s an easy, laid-back, low-key place. Â #10. Â Would you come back? Â We’ll see.”
Smart man. Â Don’t forget about the great advantages we have in the VI. Â The Virgin Islands Economic Development Authority, a very unique tax incentives program. Â It is set up to encourage global companies in the areas of manufacturing, service businesses such as high-technology, finance, pharmaceuticals and outsourcing companies. Â To name a few advantages, 90% reduction in corporate income tax, 90% reduction in personal income tax, 100% exemption on business property tax, 100% exemption on gross receipt tax, and it goes on from there.