Okay, so the problem with this one was that it made us all want to move.
The St. Thomas, Virgin Islands, business attorneys of Kellerhals Ferguson Kroblin PLLC know what they're doing. The location of their work is absolutely breathtaking, as is evident from the stunning photography featured on their new website. Their practice is also fascinating. The firm focuses on assisting businesses in relocating to the U.S. Virgin Islands through the U.S. Virgin Islands Economic Development Commission tax incentive program, or "EDC."
Right away, we found ourselves asking the above question. And who better to answer it than Kellerhals Ferguson Kroblin, whose attorneys have been directly involved with the Program and its governing agencies for decades.
Many of us have vague notions of Virgin Islands tax loopholes and hidden bank accounts. But the truth about Virgin Islands tax incentives is actually more interesting than the myths. And the incentives for American businesses are not just a way for the rich to get richer (although companies do well to take advantage — and a few of us at The Modern Firm took some time to peruse the list of qualifying industries ...). As we learned in speaking with the firm, federal income tax breaks for businesses that open or expand in the Virgin Islands are a trade-off: companies who take part in the program use their operations and income to support and diversify the economy of the Islands which, otherwise, does not benefit from U.S. government spending in the same way that U.S. states do. It's a win-win for the companies and the Islands or, really, a win-win-win when you consider the U.S. taxpayers whose tax dollars are not burdened with the full support of the Island territory.
We thank Kellerhals Ferguson Kroblin for the education. And even for conjuring up the sun, ocean and beaches as the midwestern faction of our team braved the winter. We were proud to launch the firm's new website today, which marries island sensibilities with the attorneys' sophisticated legal services.
Kellerhals Ferguson Kroblin has offices and affiliated attorneys in both the Virgin Islands and New York, NY:
Virgin Islands:
Kellerhals Ferguson Kroblin PLLC
9100 Port of Sale Mall
Suite 15
St. Thomas, VI 00802
Phone: (340) 779-2564
New York:
Kellerhals Ferguson Kroblin PLLC
40 Wall Street
35th Floor
New York, NY 10005
Phone: (212) 267-7600
The new website may be viewed at: www.kellfer.com.
Or see the design in our law firm website design portfolio and learn more about the website design concept on which the new site was based.
