The GDB is analyzing the possibility of selling GO bonds this year.(Credit: Víctor Román) New York-based Fitch Ratings has assigned a “BBB+” rating to the Commonwealth’s outstanding $9.2 billion general obligation (GO) bonds, saying the outlook is stable. However, the long-term rating remains in Fitch’s lower medium grade classification, for a number of reasons. Its […]
Washington D.C.-based The Daily Caller on Tuesday zeroed in on the recently passed 4 percent tax on foreign corporations, saying it is has the makings of an "indirect bailout," as Fortuño administration officials seek to have the IRS allow affected companies to write off the new collective $6 billion business expense as a tax credit.
The U.S. Department of Treasury has yet to issue a decision on whether foreign companies doing business in Puerto Rico will be allowed to take a credit for the excise tax imposed through Law 154, which goes into effect this month.
A Dow Jones/Factiva content provider since 2014
Subscribe to our Dollars & Sense podcast!
