Op-Ed: What is the alternate basic tax and how can it affect you?
March 5, 2013
The tax season is again upon us, and with it, as taxpayers, we begin to wonder how much tax we are going to pay. Some of you might have done some preliminary calculations based on your expected income and based on the transactions that took place during the year.
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Texas law firm Friedman & Feiger opens Puerto Rico office
March 5, 2013
Friedman & Feiger, one of the top law firms in Dallas, Texas, recently celebrated the inauguration of its first office outside the continental U.S., with an informal Open House and ribbon cutting ceremony in Hato Rey.
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JetBlue to fly direct SJU/Chicago route in November
March 4, 2013
Reaffirming its commitment to Puerto Rico, JetBlue Airways announced today new direct service from San Juan to Chicago’s O’Hare Airport starting Nov. 20. The decision reflects the island’s largest carrier’s approval of the result of the process leading up to the selection of the new administrator of Luis Muñoz Marín International Airport in San Juan, the company said.
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CNE: Puerto Rico on track to become ‘Detroit of the Caribbean’
March 4, 2013
Puerto Rico needs to find alternative ways to govern itself that include all members of society with the single-minded goal of seeking solutions to its overwhelming fiscal and social problems, or risk going down the same path as Detroit, once a thriving city that is now desolate and in a state of emergency.
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Educator: Tech alone isn’t answer to better learning
March 4, 2013
Information technologies and communication act as great amplifiers: if the education system is efficient, they improve it, and if it is inefficient, they make it worse, because the challenge of education today is to personalize education. So said Augusto Ibáñez, corporate editorial director of Spain’s Fundación SM, who was recently on the island, invited by the Puerto Rico Association of Private Education.
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3 Puerto Rico travel agents in Colombia Travel Mart expo
March 4, 2013
Puerto Rican travel agency wholesalers AAA Tours, Good Quality Tours and Sorymar Tours are among some 270 companies from 39 countries that took part in the Colombia Travel Mart fair in Bogotá and Medellín last week.
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Garage Isla Verde to open $9M Mayagüez dealership
March 1, 2013
Garage Isla Verde, Puerto Rico’s only authorized Mercedes-Benz dealer, is rolling out an aggressive growth strategy this year to broaden its customer base that includes breaking ground on a new $9 million dealership in Mayagüez, company executives said Thursday.
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Governor: Private sector has already pledged 16K jobs
March 1, 2013
Gov. Alejandro García-Padilla detailed Thursday the progress of his administration’s strategies to revive the island’s economy, saying among other things that the private sector has already pledged to create 15,896 of the 50,000 he vowed to lock down in the first 18 months of his tenure.
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Treasury hits the road to audit IVU compliance
March 1, 2013
The Puerto Rico Treasury Department will begin a round of visits to San Juan metropolitan area businesses today to monitoring compliance of the Sales and Use Tax (known as IVU in Spanish).
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WorldNet launches ‘Cloud Direct’ services
March 1, 2013
Reliance on cloud computing services has become a growing trend among companies looking to cut down their costs by paying for what they consume — technologically speaking — while streamlining operations. In Puerto Rico, cloud computing related activity is already estimated at $300 million, and is expected to continue growing over the next decade.
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Gov’t proposes benefit cuts to avoid pension system collapse
February 28, 2013
High-ranking Puerto Rico government officials unveiled Wednesday a package of measures aimed at resolving the Commonwealth Retirement System’s critical fiscal situation, including raising the retirement age and increasing employee contributions.
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Karen Millen, Starbucks moving into Plaza Las Américas
February 28, 2013
British multinational women's designer clothing retailer, Karen Millen, which specializes in tailoring, coats and evening wear, will be opening its first store in Puerto Rico at the Plaza Las Américas shopping center in Hato Rey, this media outlet confirmed Wednesday.
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$20M Condado Palm Inn & Suites opens for business
February 28, 2013
The owners of the Best Western Plus Condado Palm Inn & Suites officially marked the opening Wednesday of the $20 million property that is adding 151 new rooms to the heart of San Juan’s trendy Condado district.
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EPA unveils new rules for Puerto Rico energy efficient homes
February 28, 2013
Federal and local government officials joined the U.S. Green Building Council in San Juan Wednesday to announce new guidelines developed by the U.S. Environmental Protection Agency designed to take the Puerto Rico climate into account in determining energy efficiency for homes.
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Island firm among UPS ‘Entrepreneurial Spirit Award’ winners
February 28, 2013
Jani Clean, a Puerto Rican company specializing in janitorial products and services, was chosen as one of three small and medium-sized businesses in Latin America to receive the UPS Entrepreneurial Spirit Award for innovation and success.
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