June 11, 2003 – V.I. economist/consultant Richard Moore will be the speaker at the Rotary Club of St. Croix meeting at Gertrude's Restaurant on June 19.
He will discuss issues relating to the U.S. Treasury Department's interpretation of legislation in the federal Tax Reform Act of 1986 and in V.I. Act 5224, signed into law by Gov. Juan Luis in 1986. Both have to do with tax policy to support local economic development.
Moore said his presentation will focus on the Treasury's failure to write rules and regulations for the federal act, its failure to maintain an implementation agreement for Act 5224, and the immediate need of companies in the investment program for guidance on day-to-day activities.
A former chief economist for the V.I. government and director of its Bureau of Economic Research, Moore wrote recently of a changing relationship between the Treasury and the territory for the Source. (See "Analysis: the territory's taxing relationships".)
Moore noted that he "was among a small number of staff to Gov. Luis who participated in the negotiations with Congress and the Reagan administration prior to the Tax Reform Act of 1986 and in the development of the local financial services program that now supports the viability of our economy."
The meeting is set for noon. For reservation and ticket information, call Gertrude's at 778-8362.
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