Beautiful Virgin Islands

Monday, Jun 30, 2025

Former Labour Minister berates ‘trade license hoarders’

Former Labour Minister berates ‘trade license hoarders’

Former Labour Minister Vincent Wheatley has castigated persons he termed as “trade license hoarders“ for accumulating trade licenses with no apparent purpose in mind.

Wheatley’s comments were made in the House of Assembly (HOA) recently as legislators debated the Business Licensing, Act 2020 that has now passed.

While making reference to a clause in the new legislation which says a license can be revoked if not activated within 90 days, the former minister said he suspected what the origin of that clause might be.

“I call them trade license hoarders. There are a lot of persons with 15, 20, 25 trade licenses but only may be one active,” Wheatley said.

He noted that those trade license holders often don’t pay for their licenses on an annual basis, as required.

“Only for some reason they may need that license, at that point in time, then they go to activate the license and maybe at that point they may pay the back fees,” he explained.

“I think if you’re going to be a trade license hoarder, it should cost you something – this is kind of a bit far if you ask me – but persons shouldn’t be allowed to have trade license to say they have them,“ Wheatley stated.

Wheatley said these persons often brag about the amount of trade licenses they have, but when checks are made they are only active in a book or on paper.

According to the former minister, attempts were made to address this issue in the past, but these faced ‘tremendous resistance’ and were ultimately pulled back.

“Some persons just don’t intend to do good business, or sometimes they simply can’t afford to do good business. Well, if you can’t afford to be in business, doing good business, then maybe you should be doing something else,“ he argued.

Damned if you do, damned if you don’t?


In the meantime, Opposition Leader Julian Fraser offered some pushback on the term ‘trade license hoarders’.

Fraser suggested that the concept of multiple trade licenses emerged after changes were made to the law, forcing persons to acquire multiple licenses when they weren’t needed previously.

“That became a part of the culture of the Virgin Islands,“ Fraser said. “And it still exists to some extent. Right now, as we speak, it still exists.”

He offered the example of a person doing a trucking business that may end up with five trade licenses for doing construction, water delivery and other businesses.

According to Fraser, persons were damned if they do and damned if they don’t.

“I’m hearing now, where there are some people who are advocating that you refer to those people as ‘hoarders’ of trade licenses. But that’s the cost of doing business,” the Opposition Leader argued.

He continued: “I couldn’t do all the things I was doing if the law you impose on me was not accessible to me; which is I have to get five trade licenses.”

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
Texas Enacts Law Allowing Gold and Silver Transactions
China Unveils Miniature Insect-Like Surveillance Drone
OpenAI Secures Multimillion-Dollar AI Contracts with Pentagon, India, and Grab
Marc Marquez Claims Victory at Dutch Grand Prix Amidst Family Misfortune
Germany Votes to Suspend Family Reunification for Asylum Seekers
Elon Musk Critiques Senate Budget Proposal Over Job Losses and Strategic Risks
Los Angeles Riots ended with Federal Investigations into Funding
Budapest Pride Parade Draws 200,000 Participants Amid Government Ban
Southern Europe Experiences Extreme Heat
Xiaomi's YU7 SUV Launch Garners Record Pre-Orders Amid Market Challenges
Jeff Bezos and Lauren Sanchez's Lavish Wedding in Venice
Russia Launches Largest Air Assault on Ukraine Since Invasion
Education Secretary Announces Overhaul of Complaints System Amid Rising Parental Grievances
Massive Anti-Government Protests Erupt in Belgrade
Trump Ends Trade Talks with Canada Over Digital Services Tax
UK Government Softens Welfare Reform Plans Amid Labour Party Rebellion
Labour Faces Rebellion Over Disability Benefit Reforms Ahead of Key Vote
Jeff Bezos and Lauren Sánchez Host Lavish Wedding in Venice Amid Protests
Trump Asserts Readiness for Further Strikes on Iran Amid Nuclear Tensions
North Korea to Open New Beach Resort to Boost Tourism Economy
UK Labour Party Faces Internal Tensions Over Welfare Reforms
Andrew Cuomo Hints at Potential November Comeback Amid Democratic Primary Results
Curtis Sliwa Champions His Vision for New York City Amid Rising Crime Concerns
Federal Reserve Proposes Changes to Capital Rule Affecting Major Banks
EU TO HUNGARY: LET THEM PRIDE OR PREP FOR SHADE. ORBÁN TO EU: STAY IN YOUR LANE AND FIX YOUR OWN MESS.
Trump Escalates Criticism of Media Over Iran Strike Coverage
Trump Announces Upcoming US-Iran Meeting Amid Controversial Airstrikes
Trump Moves to Reshape Middle East Following Israel-Iran Conflict
Big Four Accounting Firms Fined in Exam Cheating Scandal
NATO Members Agree to 5% Defense Spending Target by 2035
Australia's Star Casino Secures $195 Million Rescue Package Amid Challenges
UK to Enhance Nuclear Capabilities with Acquisition of F-35A Fighter Jets
Russian Shadow Payments via Cryptocurrency Reach $9 Billion
Explosions Rock Doha as Iranian Missiles Target Qatar
“You Have 12 Hours to Flee”: Israeli Threat Campaign Targets Surviving Iranian Officials
Macron and Merz: Europe must arm itself in an unstable world
Germany and Italy Under Pressure to Repatriate $245bn of Gold from US Vaults
Airlines Evaluate Flight Cancellations Amid Escalating US-Iran Tensions
Starmer Invites Innovators to Join Government Talent Scheme
UK Economy’s Strong Opening Quarter Shows Signs of Cooling
Harrods Seeks Court Order to Secure Al Fayed Estate for Victims
BA and Singapore Airlines Cancel Dubai Flights Amid Middle East Tensions
Trump Faces Backlash from MAGA Base Over Iran Strikes
Meta Bets $14 B on Alexandr Wang to Drive AI Ambitions
WATCH: Israeli forces show the aftermath of a massive airstrike at Iran's Isfahan nuclear site
FedEx Founder Fred Smith, ‘Heart and Soul’ of the Company, Dies at 80
Chinese Factories Shift Away from U.S. Amid Trump‑Era Tariffs
Pimco Seizes Opportunity in Japan’s Dislocated Bond Market
Labubu Doll Drives Pop Mart to Status as China’s Most Valuable Toy Maker
Global Coal Demand Defies Paris Accord Goals
×