Virgin Galactic [...] Local authorities have confirmed that one of the two Scaled Composites pilots died during the accident”. This was in strong contrast to public communications previously released concerning the group's successful flights, which had routinely presented pilots, craft, and projects within the same organizational structures, as being "Virgin Galactic" flights or activities of "the Galactic team". The BBC's David Shukman commented that: “Even as details emerge of what went wrong, this is clearly a massive setback to a company hoping to pioneer a new industry of space tourism. Confidence is everything and this will not encourage the long list of
Economy of the British Virgin Islands New York telephoned him with a proposal to incorporate a company in the British Virgin Islands to take advantage of a double taxation relief treaty with the United States. Within the space of a few years, hundreds of such companies had been incorporated. This eventually came to the attention of the United States government, who unilaterally revoked the Treaty in 1981. In 1984, the British Virgin Islands, trying to recapture some of the lost offshore business, enacted a new form of companies legislation, the International Business Companies Act, under which an offshore company which was exempt from local taxes could