The rum cover over program “retains broad support” in Congress, but a timeline for increasing the rate remains uncertain, according to V.I. Delegate to Congress Stacey Plaskett.
The Government Employees Retirement System’s Board of Trustees is still waiting for an update on efforts to increase the rum cover over rate, and it’s unlikely the local government will
The U.S. Department of the Interior’s Office of Insular Affairs has approved $212 million in estimated rum tax cover over payments to the territory for 2024, which will be released
The U.S. Department of the Interior’s Office of Insular Affairs has approved $212 million in estimated rum tax cover over payments to the territory for 2024, which will be released
There is growing anxiety around the federal government’s failure to retroactively extend an increased rate for the excise tax collected on locally manufactured rum, as the V.I. Government Employees Retirement