Less than a month before the start of this year’s hurricane season, the Retail Sales Association once again urged the government to eliminate the tax on inventories as part of the Tax Reform being crafted for Puerto Rico.
While we continue to push for the Dream Act before the end of the year and the extension of Temporary Protected Status, we cannot lose sight of a major threat facing the Latino community and the nation.
The tax reform and the resulting economic development and job creation to our nation included in President Donald Trump’s campaign platform is the best we have seen in any presidential candidate in recent history.
Representatives from Puerto Rico’s private sector agreed Monday to back Gov. Ricardo Rosselló’s urgent call to Congress to treat the island as a U.S. — not foreign — jurisdiction in the federal tax reform currently being discussed.
El proyecto de ley de reforma fiscal de Estados Unidos que se está debatiendo en el Congreso podría tener un “impacto catastrófico” en la economía de la isla, poniendo en peligro más de 70 000 empleos bien remunerados y más del 35 % del presupuesto del Estado Libre Asociado, advirtió el lunes el presidente de la Asociación de Fabricantes de Puerto Rico, Rodrigo Massés.
The Frente por Puerto Rico’s subcommittee on tax reform on Tuesday visited 11 U.S. House and Senate offices asking for Puerto Rico’s inclusion in the federal tax reform.
Gov. Ricardo Rosselló presented Wednesday a budget of $9.5 billion to Puerto Rico’s Legislative Assembly, which guarantees essential services and pension payments, and which also makes contributory justice for the citizens of the island, he said.
On the heels of testimony presented before the Senate the prior day, the Center for a New Economy on Thursday offered seven strategies to jumpstart Puerto Rico’s economy, that sidestep the government’s proposed tax reform — for now.
Saying that it "is a serious attempt to carry out a comprehensive change of the tax system,” the Center for a New Economy suggested during public hearings Wednesday that the reform should be put off until Puerto Rico’s adverse fiscal conditions improve.
At the Puerto Rico Information Technology Cluster we believe that the potential success of the implementation of a value added tax system and how fair it could be for Puerto Ricans will depend largely on the strength of information systems that are launched to support it.
House Speaker Jaime Perelló told Treasury Department officials during a hearing Wednesday that they need to “go back to the table” on certain aspects of the proposed tax reform, including the frequency with which consumers will receive rebates to mitigate the impact of the new 16 percent value-added tax structure.
Your speech hurts. Your government strategy hurts. Your tax reform hurts.
The tax overhaul currently being discussed at the highest levels of government, based on an analysis by KPMG Accounting Services, would shore up as much as $6 billion a year for the public coffers, based on the application of a new 16 percent goods and services tax, according to the report released Wednesday.
Afirmando que el Estado Libre Asociado no justificó sus razones para no hacerlo, el Tribunal Superior de San Juan ordenó el martes al Departamento del Tesoro de Puerto Rico que hiciera público el informe elaborado por KPMG Accounting Services que se está utilizando para dar forma a la próxima reforma fiscal.
Aiming to encourage work in the formal economy while neutralizing regressive consumption taxes, the Center for a New Economy recently commissioned the Urban Institute in Washington D.C. to conduct a study that proposes a new work credit focused on working families with children making between $7,500 and $25,000.
NIMB EN LAS REDES SOCIALES