Clearwater - How it works

The document discusses the tax benefits available through the U.S. Virgin Islands Economic Development Commission (EDC) program. It provides that EDC beneficiaries can receive a 90% reduction in federal income tax and are exempt from various other taxes. Clearwater Consulting Concepts is an EDC beneficiary and provides benefits to the USVI economy through hiring local employees, purchasing goods and services locally, and charitable contributions. It offers management services and resources to limited partners who participate in the EDC program. Examples are given comparing the tax benefits for an individual limited partner versus a USVI C corporation limited partner.