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Article: Revenuers probing Virgin Islands residencies.
- Article from:
- Arkansas Business
- Article date:
- April 19, 2004
- Author:
CopyrightCOPYRIGHT 2004 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WHEN THEODORE C. "Ted" Skokos resigned as chairman of the Arkansas State Bank Board last year, it was because he bought a house on the isle of St. John and become a resident of the U.S. Virgin Islands.
He's one of an unknown number of affluent Arkansans who are enjoying the sugary beaches, bath-temperature Caribbean waters and enormous income tax breaks available in the USVI.
Some of them could be starting to sweat from more than the tropical sun.
The Arkansas Department of Finance & Administration is winding up yearlong audits of two former Arkansans who have claimed Virgin Islands residency on tax returns. More USVI tax filers who were ...