Epstein File EFTA01128412: Virgin, Memorandum and Southern Trust (DS9)

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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01128412: Virgin, Memorandum and Southern Trust (DS9)

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This is a memorandum dated August 28, 2014, addressed to Jeffrey Epstein regarding Virgin Islands tax and investment matters. The document discusses industrial development certificates under Virgin Islands Code Title 29, chapter 12, section 713b, and addresses questions concerning PFIC income liquidation and whether income was U.S. Virgin Islands sourced or effectively connected income. The memorandum analyzes compliance with House Report guidelines and notes the absence of controlling case law on the position taken.

👤 Named in This Document

Jeffrey Epstein

🔑 Evidence Keywords

virgin memorandum Southern Trust

📋 Key Excerpts6

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Excerpt 1

**Virgin** Islands resident. So the non-recognition transaction would be compliant with the guidelines of the House Report cited.

Excerpt 2

Title 29, chapter 12 section 713b of the **Virgin** Islands Code provides that each applicant, who is granted an industrial development certificate, shall

Excerpt 3

found no case law or statutory authority on point with respect to our conclusion, therefore it is possible that the position could be challenged and the **Virgin**