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Caribbean territories feud over rum tax benefits

Published: November 19, 2009 9:48 PM
By The Associated Press  DAVID McFADDEN (Associated Press Writer)

Quick ReadCash-strapped US Caribbean territories feud over use of rum tax benefits to lure business

SAN JUAN, Puerto Rico (AP) — Puerto Rico is feuding with the U.S. Virgin Islands over its neighbor luring away business by using revenue from a tax paid by U.S. consumers on every bottle of rum produced in the two Caribbean territories.

The Treasury Department sends all but 25 cents of the $13.50 in federal excise taxes levied per proof gallon of rum produced in Puerto Rico and the Virgin...

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