The Australian Taxation Office (ATO) released a Practice Statement PS LA 2006/4 on the availability of US Virgin Islands (USVI) tax information to Australian tax authorities under the Australia-United States tax treaty. ATO Practice statements are publicly available instructions for the ATO staff in respect of a specific issue. The Practice Statement states that Australian tax authorities are able to request, from the US Internal Revenue Service (IRS), tax information in respect to USVI dealings, including information about the ownership interests in all corporations subject to USVI tax with non-USVI source income that receive a rebate, subsidy or reduction of...