Beautiful Virgin Islands

Friday, Aug 21, 2026

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
Twenty-Nine US States Take Meta to Trial Over Alleged Child Addiction on Instagram and Facebook
Former Scottish National Party Executive Peter Murrell Jailed for Five Years Over £400,000 Embezzlement
Moderna and Merck's Personalized Cancer Vaccine Succeeds in Historic Late-Stage Melanoma Trial
Prince Harry and Meghan to Move Back to Britain With Their Children
England and Wales Have Fewer Than 1,800 Prison Places Left for Men
Suspected People Smuggler Arrested After Investigation Identified Him
Children's Doctors Warn That Vaping Can Lead Young People to Smoking
Hundreds of Thousands of Students Receive GCSE and Vocational Results Across England, Wales and Northern Ireland
Here Is What Can Never Happen in Your Country: Taiwan Is Giving Money to All Its People Because It Collected Too Much Tax
UK Inflation Rises to 2.9% as Energy Bills Jump
UK Issues New Conduct Guide for Asylum Seekers on Consent and Respect
A Sleepless Night on Wall Street: Nasdaq to Begin Nearly Round-the-Clock Trading
"The First in the World": 69-Year-Old Protested Artificial Intelligence—and Went to Jail
Ukraine's Ousted Defence Minister Calls for Wartime Presidential Election
China’s Lifelike AI Humans Move From Livestreams Into Real-World Service Roles
Sarah Ferguson Reportedly Retreats to Late Ex-Boyfriend's Swiss Chalet
Cristiano Ronaldo and Georgina Rodríguez Sign Prenup Protecting Their Separate Fortunes
Thieves Steal Antonello da Messina Renaissance Masterpieces From Sicilian Museum
Better.com Founder Who Fired 900 Employees on Zoom Is Ousted as CEO
Italian Speed Camera Issues Nearly 32,000 Fines in 10 Weeks, Worth More Than €3 Million
AI Manager at San Francisco Store Recommends Firing Human Employee
Google Launches Pixel 11 With Gemini AI at the Center of Its Hardware Strategy
Reform UK Unveils Plan to Cut Welfare Spending by More Than £50 Billion a Year
Prime Minister Andy Burnham Praised Extinction Rebellion for Doing a 'Great Service'
UK Wildfire Phone Alert Triggers Backlash as Users Switch Off Emergency Warnings
Heathrow Roads Reopen After Burst Water Main Floods Access to Terminals 2 and 3
Former NBA Players Enes Kanter Freedom and Royce White Say They Will Enter 2027 WNBA Draft
Former Cambridge Professor Jason Arday Found Dead Days After Resigning Amid Plagiarism Row
US Appeals Court Rules AI Agent's Website Actions Are Legally Attributed to the User
France's Constitutional Council Blocks Social Media Ban for Children Under 15
Liechtenstein Changes Royal Succession Rules to Allow Women to Inherit the Throne
Women Allege Rape and Sexual Abuse at British Army College for Teenage Recruits
Minnesota: Two independent investigators posed as Muslims (one wearing a burqa) and showed how they could vote in elections without identification.
China’s Kimi Launches AI-Focused Credit Card With Agricultural Bank of China and American Express
Former Labour Adviser Arrested on Suspicion of Spying for China Held Privileged Access as Top Party Donor
Turkish Parliament Passes Landmark Bill Granting Conditional Amnesty to Disarmed PKK Members
Donald Trump Warns FIFA Against Ousting Gianni Infantino Amid Revolt by Global Football Leaders
Jeff Bezos Joins Investor Group Closing In on $6 Billion Liverpool FC Stake
UK Councils to Receive Sweeping Planning Powers to Ban New Vape and Betting Shops
Russia’s A7 Builds a State-Linked Payments Network Beyond Western Sanctions
Hyper-Realistic Reborn Dolls Draw Collectors Seeking Comfort and Craft
Gen Z Cuts Back on Dating as a Night Out Nears $200
Patients Turn to Artificial Intelligence for Therapy as Psychiatrists Warn of Privacy and Clinical Risks
Couples Embrace ‘Sleep Divorce’ to Protect Rest and Reduce Tension
Meta Ordered to Pay $567 Million and Change Facebook and Instagram Safeguards for Children
Up to only 10 Months in Prison for Swedish Officer’s Murderer Sparks Anger
Success: Nvidia Turned Gaming Chips Into the Engine of the AI Boom
Jorge Messi, Lionel Messi’s Father and Longtime Agent, Dies at 68
AI’s Next Bottleneck Is Power, Not Just Nvidia Chips
Advertising trick: Pepsi’s Harrier Jet Commercial Led to a $700,000 Court Fight
×