Rum has set off a dispute between Puerto Rico and the Virgin Islands Rum Battle in Caribbean Leaves Tax Hangover. By DAVID KOCIENIEWSKI OCT. 15, The Virgin Islands has promised to give nearly half its tax revenue back to You will receive emails containing news content, updates and.
January 20, – September 20, R Under current law, the excise tax on rum is $ per proof gallon and is collected on rum produced in Cover-Over Revenue for Puerto Rico and the U.S. Virgin Islands; Table 2. .. The news report also claims that the sum of these subsidies approaches 46% of the total.
January 20, Under current law, any excise tax collected on rum imported into the United States is transferred Recently, the United States Virgin Islands has dedicated a larger share of current and future .. 18 News reports have indicated that Puerto Rico uses no more than 10% of covered over rum tax revenue for.
Wed EST First published on Wed EST The move to the US Virgin Islands is being billed by Diageo as crucial to an economy that is reliant of dollars in so-called "rum subsidies", argue that Diageo is taking advantage of the tax conditions. We have some news.
Fiscal and economic challenges facing the U.S. Virgin Islands .. https://www. everywomanworks.info 12 For details, see CRS Report R, The Rum Excise Tax Recent Population Trends for the U.S. Island Areas: to