IRS confirms 4% excise tax can be written off federal return
marzo 31, 2011
Local manufacturing companies subjected to the 4 percent excise tax imposed in January through Law 154 may want to breathe a sigh of relief, as the Internal Revenue Service has confirmed that they will be able to take a credit on their federal income tax returns for the amount paid in Puerto Rico.
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El sector privado pide una ‘reforma de credibilidad’
17 de febrero de 2011
Si el gobierno realmente quiere ayudar a que la economía avance, además de supervisar que todas las reformas recientemente aprobadas cumplan eficazmente su propósito, tendrá que implementar lo que los representantes del sector privado denominaron el jueves una “reforma de credibilidad”.”
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La PRMA expresa su oposición a la Ley 154; la CNE se pronuncia al respecto.
14 de enero de 2011
Casi 15 días después de que entrara en vigor la Ley 154, que impone un impuesto especial sobre las ventas de las filiales locales a sus empresas matrices extranjeras, los miembros de la Asociación de Fabricantes de Puerto Rico tuvieron la oportunidad el viernes de dejar constancia ante la Legislatura de su oposición a la medida.
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Stateside media outlet zeroes in on 4% corporate tax
enero 11, 2011
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.
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U.S. Treasury yet to issue decision on Law 154 tax credit
enero 3, 2011
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.
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NY biotech group looks to PR for business
16 de noviembre de 2010
No sooner had the local government signed off on a new law approving a 4 percent tax on controlled foreign corporations this week, that a stateside organization saw an opening to begin luring local manufacturing corporations to move north.
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