Haitian rum gains market share
Contraband rum from Haiti is gaining market share in the Dominican Republic. Listin Diario reports that sales of new brands have increased fivefold in recent years. Many are smuggled into the country or irregularly manufactured locally and are therefore cheaper since they have not paid taxes. 60% of the price of a bottle of local rum is taxes.
According to the newspaper, the brands include Bakara, Green Label, Marechal, Black Stone and traditional Barbancourt with prices ranging from RD$50 to RD$700.
Dominican rum producers say that between January and December 2014 some three million liters of spirits were produced in the country without being declared to the Tax Department (DGII), for an estimated total of RD$800 million in tax evasion.
Source: DR1, Listindiario
April 7, 2015
Category: DR News |