Proposed legislation would limit ability of US Caribbean territories to finance economic development projects

Proposed Legislation Limit Ability Caribbean - Trinidad, Tobago / Caribbean - Posted: 5th Feb, 2010 - 9:05am

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US Virgin Islands - News from the US Virgin Islands
Post Date: 5th Feb, 2010 - 9:05am / Post ID: #

Proposed legislation would limit ability of US Caribbean territories to finance economic development projects

Proposed legislation would limit ability of US Caribbean territories to finance economic development projects
US Virgin Islands Cruse, Ship Tours, Fishing US Virgin Islands News

WASHINGTON, USA -- A Congressional Research Service analysis of the rum excise tax cover over program, from which Puerto Rico receives about $400 million annually and the US Virgin Islands about $90 million annually, finds that proposed legislation by the Puerto Rico Resident Commissioner would be detrimental.
Source: Caribbean Net News Daily Headlines: US Virgin Islands

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