
The billion dollar war behind U.S. rum
Planet Money
Rum Tax Dynamics in U.S. Territories
This chapter explores the unique tax arrangements for rum production in the Virgin Islands and Puerto Rico, highlighting the allocation of federal taxes to these territories. It details the competitive landscape as the Virgin Islands seeks to attract lucrative rum brands like Captain Morgan through significant subsidies, reflecting the complexities of local economies. Amid high-stakes negotiations, concerns arise about the potential exploitation of these territories by large corporations, raising questions about the long-term impacts on their economies.
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