3rd Circ. Upholds Virgin Islands Ruling On 'Sham' LLCs' Taxes

By Matthew Santoni · June 22, 2023, 2:43 PM EDT

The Third Circuit upheld the ruling of a federal court in the U.S. Virgin Islands over the offshore tax burden for a pair of "sham" companies, finding that while the courts...

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Case Information

Case Title

VI Derivatives LLC by Vifx LLC its Tax Matters Par v. Director Virgin Islands Bureau of Internal Revenue

Case Number

22-3056

Court

Appellate - 3rd Circuit

Nature of Suit

3890 Other Statutory Actions

Date Filed

November 01, 2022


Case Title

Vifx LLC by Richard G Vento its Tax Matters Partne v. Director Virgin Islands Bureau of Internal Revenue

Case Number

22-3057

Court

Appellate - 3rd Circuit

Nature of Suit

3890 Other Statutory Actions

Date Filed

November 01, 2022