At least two Virgin Islands senators are less than sure votes for the Governor's proposal to raise the hotel tax (paid by condo, villa and time share renters) from eight to 10 percent.
The Virgin Islands Daily News quotes Sen. Louis Hill saying he would prefer not to rise taxes. He would like the Territory to attract new businesses which would pay taxes on their revenues. "I'm not sure raising taxes … tough economic time is actually the most prudent approach."
In the same story, Sen. Alicia Hansen, who credits herself with creating the hotel occupancy tax and timeshare legislation, said she will make up her mind about the tax hike after "she gets input from the local tourism industry."
Well, putting too much tax on hotel rentals can cause a burden to the investors as well as to the costumers. If taxes are added, there will be additional costs on hotel rentals that might add burden also to the costumers especially the tourists and the like. Maybe they have to review it further in order not to cause drastic actions. Keep on inspiring us with your articles. More power.
bad idea…bad timing…wait until the next boom time before you raise the hotel tax