Microsoft’s P.R. operations pull double-duty, serve as ‘tax shelter’
June 7, 2011
Software giant Microsoft has reportedly been using three jurisdictions where it operates outside the United States — Puerto Rico, Ireland and Singapore — as tax shelters to reduce its federal tax bill, the Financial Times ...
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HFA bond portfolios maintain “AAA” rating, get Fitch stable outlook forecast
June 3, 2011
New York-based credit ratings agency Fitch Ratings affirmed Friday its “AAA” rating on the Puerto Rico Housing Finance Authority’s $191 million mortgage subsidy program single family mortgage revenue bonds.
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May bankruptcies continue double-digit drop streak, individuals pulling out of funk fastest
June 1, 2011
The number of bankruptcy cases filed in May reflected a year-over-year 14 percent drop, with a total of 970 cases filed, research firm Boletín de Puerto Rico said Tuesday.
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