The Captain Morgan Subsidy

http://www.futureofcapitalism.com/2009/09/the-captain-morgan-subsidy

Diageo PLC, the British company that owns Captain Morgan rum, will get $2.7 billion in tax credits and other benefits to move a rum factory to the U.S. Virgin Islands from Puerto Rico. This Los Angeles Times article, picked up by the John Stossel blog, has the details. Amazing stuff. Makes you wonder what they are drinking in Washington.

by Editor  |  Sep 3, 2009 at 10:06 am Related Topics:  Taxes receive the latest by email: subscribe to the free futureofcapitalism.com mailing list