11 Apr 2007

American Samoan chamber of commerce seeks tax law change

5:37 pm on 11 April 2007

The President of the American Samoa Chamber of Commerce says he feels confident that the chamber's efforts to revamp the territory's tax laws has the governor's support.

David Robinson, who met the governor last week says, Togiola Tulafono has looked at the chamber's recommendations on restructuring corporate tax rates.

Mr Robinson says they are as high as 44 percent and in addition, companies may be charged a dividend withholding tax and in case of non-US companies also an interest withholding tax.

"Those three categories of tax are pretty much of a deterrent for non-US companies, some of whom might come form Asia where the tax regimes are historically much lower."

David Robinson