Diageo angles for $2.7 billion from taxpayers

WINE TALK
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Tax Dollars to British distiller for Captain Morgan rum
TOM HAMBURGER AND PETER WALLSTEN
[u]chicagotribune.com[/u]

With little fanfare, a deal is moving forward to direct billions in U.S. tax dollars to an unlikely beneficiary – the giant British liquor producer that makes Captain Morgan rum.

Under the agreement, London-based Diageo PLC will receive tax credits and other benefits worth $2.7 billion over 30 years, including the entire $165-million cost of building a state-of-the-art distillery on the island of St. Croix in the Virgin Islands, a U.S. territory…

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Diageo wine brands are [u]here[/u].

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Smart business people.

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Yep. Their lobbying dollars spent on anti-shipping legislation boosts their bottom line quite well. So, why not try for some corporate welfare? A few hundred thou should do it. Pretty good ROI.

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Oh well!

But as a shareholder I say “Way to go”!

Face it, everyone has their hand out right now.