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The federal tax revenue collected from rum produced in Puerto Rico, the U. Virgin Islands, or internationally is transferred to the governments of Puerto Rico and the U. S Virgin Islands. Puerto Rico and the U.
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USVI Getting $258 Million in 2020 Rum Tax Money

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Virgin Islands Sells $M of Rum-Tax Debt | Bond Buyer

The U. Virgin Islands in rum tax cover-over payments for the estimated FY rum tax collections in the territory, U. If actual tax receipts are different than projected, the Interior Department will reconcile the amounts by giving more money later or withholding the difference from future payments. The amount is fairly typical for recent years. But only a small fraction of that money will go directly to the V. Where does the rest go?
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USVI Receives $258 Million In Rum Cover-Over Funds From U.S. Treasury

Rum bottles from Us Virgin Islands. Total amount of rum bottles on Ultimate rum guide. You can buy US Virgin Islands rums from one of our partners below:.
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The Virgin Islands faces the very real chance that Congress could drive them into debt. The waiting game has the Virgin Islands facing the very real chance that Congress could drive them deep into debt. Virgin Islands Gov.
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