Southern Trust Company: Epstein USVI Tax Records

SOUTHERN TRUST COMPANY — USVI TAX INCENTIVE RECORDS Source: USVI Economic Development Authority / AG Civil Filing Records documenting the tax incentive benefits granted to Jeffrey Epstein's Southern Trust Company through the U.S. Virgin Islands Economic Development Commission (EDC) program. TAX BENEFITS: - 90% reduction in corporate income taxes - 90% reduction in personal income taxes for USVI residents - Reduced property taxes - Benefits conditional on maintaining USVI residency and employment SOUTHERN TRUST COMPANY: - Epstein established Southern Trust Company in the USVI - The entity qualified for EDC tax incentive benefits - Epstein maintained his primary legal residence in the USVI to qualify - The company was nominally a financial advisory firm USVI AG ALLEGATIONS: The USVI Attorney General's civil enforcement action alleged that: - Epstein used the USVI tax structure as part of his broader financial network - The benefits allowed him to retain wealth while operating his trafficking enterprise from the islands - USVI government officials may have been aware of Epstein's activities and failed to act - The tax arrangement facilitated Epstein's continued presence in the territory Source: USVI Records / AG Filing Available at: https://www.vi.gov/directory/department-of-justice/