Quantcast


Last updated: September 22. 2013 5:36PM - 770 Views
Associated Press



Story Tools:

Font Size:

Social Media:

(AP) A U.S. Virgin Islands official is urging Washington to reconsider a rate used in calculating the Caribbean territory's anticipated revenue from rum taxes.


Under an obscure federal law, much of the money generated by rum sold in the U.S. goes to the treasuries of the U.S. territories of the Virgin Islands and Puerto Rico.


Debra Gottlieb is director of the Virgin Islands budget office. She says the islands should continue to receive the $13.25 rate they've received since 1999 instead of a new lower rate calculated by the U.S. Treasury for next fiscal year.


In a letter to a top official in the U.S. Interior Department, Gottlieb says the lower rate will result in "severe financial hardship" locally.


Gottlieb's letter was released by the island's government Sunday.


Associated Press
Comments
All user comments are subject to our Terms of Service. Users may flag inappropriate comments.
comments powered by Disqus



Featured Businesses


Poll



Info Minute



Gas Prices

Wilkes-Barre Gas Prices provided by GasBuddy.com