"The Rum Wars: Unveiling Captain Morgan's Secret Tax Scheme"

1 min read
Source: NPR
"The Rum Wars: Unveiling Captain Morgan's Secret Tax Scheme"
Photo: NPR
TL;DR Summary

The U.S. Virgin Islands and Puerto Rico are engaged in a billion-dollar conflict known as The Rum Wars, stemming from a law that requires federal taxes on rum sold in the U.S. to be sent to these territories. In 2008, the U.S. Virgin Islands convinced Captain Morgan to move its operations from Puerto Rico to St. Croix, sparking bitter rivalry. This scheme, intended to benefit the territories, has instead funneled hundreds of millions of U.S. taxpayer dollars into the pockets of big liquor companies.

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