850

The policies and purposes of this chapter are declared to be the promotion of the growth and development of the economy of the United States Virgin Islands by creating opportunities and incentives for international investment in the Territory, as authorized and encouraged by the federal Tax Reform Act of 1986, which will result in:\n(1) worldwide exposure of the United States Virgin Islands as a business center as well as a tourist destination;\n(2) the creation of new jobs through the expansion of existing local businesses;\n(3) the creation of new local business opportunities; and\n(4) the promotion of capital formation for the development of the United States Virgin Islands.\nAll of these policies and purposes are declared to be in the public interest.