In early April, the government of Puerto Rico disclosed the hiring of a New York law firm that has handled more than 30 sovereign debt restructurings, including those of Greece, Argentina, Iraq and Russia.
Our country has always been proud of our entrepreneurial spirit. But great business ideas don’t just come out of college dorm rooms — in fact, “encore entrepreneurs” are the fastest-growing group of entrepreneurs in the United States.
Local news outlets have highlighted three consecutive incidents in which cargo filled containers were stolen from warehouses and facilities, later to be found empty at a remote location on the island.
The similarities between Ireland and Puerto Rico are so numerous that Ireland's case is of interest for our island.
As we deal with our current crisis, we can easily forget that crises such as ours have happened before and will probably happen again in other societies.
As an entrepreneur, I’ve had days when I feel in love with my work, and that same afternoon I’m questioning and wonder if I should change this or that. And that’s actually normal.
All U.S. citizens are subject to U.S. Internal Revenue Code provisions, regardless of their place of residence or the source of their income. All people born in Puerto Rico are U.S. citizens.
An Individual Retirement Account is one of very few deductions that remained available in the income tax return after the approval of the new Internal Revenue Code.
Very seldom do we associate technology with an organization’s increased exposure to risk.
Amid news of credit degradation, income tax increases, rumors of raises in the sales and use tax, and possible changes to the federal minimum wage, you can almost hear the groans of small and medium business owners throughout Puerto Rico.
It is the question on everyone’s mind: How can we create wealth within the framework of Puerto Rico’s current economic situation? But why don’t we ask instead, How do we create wealth in Puerto Rico with our collective knowledge?
The question for all digital business people always beckons. Should I learn Web coding and how much?
Most manufacturing in Puerto Rico is done by subsidiaries of companies based in the States organized in foreign tax havens to avoid Commonwealth as well as federal taxes. Income of the subsidiaries is not federally taxed unless transferred to the parent company, when it would then owe the 35 percent corporate income tax rate.
As the economy contracts further, many small biz owners are letting their laments fly sky high. “Con el grito en el cielo.” Sales of services or products seem to stall at times like these, much to everyone's chagrin.
NIMB ON SOCIAL MEDIA