Puerto Rico EITC cuts could hit retirees, young adults, report warns
May 29, 2025
Espacios Abiertos warns $400 million reduction may undermine labor force incentives. #NewsismyBusiness
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New bill targets crypto tax break in Puerto Rico
April 23, 2025
Rep. Nydia Velázquez seeks to make digital asset income federally taxable for mainland investors on the island. #NewsismyBusiness
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Puerto Rico ranks 27th on Nomad Capitalist’s Nomad Beach Index
October 29, 2024
Known for innovative, favorable tax climate, the Cayman Islands finishes first in 2024, with the Dominican Republic rounding out the top 10. #NewsismyBusiness
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Report: Puerto Rican home buyers face discrimination in local housing market
October 28, 2024
The study involved an online experiment using fictitious home buyers. #NewsismyBusiness
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Political donations linked to Act 22 stir debate ahead of Puerto Rico elections
October 23, 2024
A new report reveals significant campaign contributions from Act 22 beneficiaries. #NewsismyBusiness
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Digital nomads: A gift to Puerto Rico’s economic future
September 10, 2024
Raúl Burgos explains how these remote workers can bring innovation to the island. #NewsismyBusiness
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Reports point to $1M+ in Act 22 donations, impact of economic incentives
May 22, 2024
Puerto Rico No Se Vende study highlights political donations from tax break beneficiaries and the government analyzes the performance of economic incentives. #NewsIsmyBusiness
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Report: Some Puerto Rico Act 22 beneficiaries evade donation rule
April 11, 2024
Transparency groups explore what they called “questionable charitable giving practices” to maintain tax breaks. #NewsismyBusiness
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Puerto Rico comptroller: Oversight of tax decrees lacking
March 6, 2024
An audit revealed gaps in compliance and regulation for incentives under acts 20 and 22. #NewsismyBusiness
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Blockchain Trade Association offers tax incentive workshops
February 2, 2023
Aimed at educating entrepreneurs, community leaders, founders and investors on how to "take advantage of the benefits of Law 60."
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PR Supreme Court backs CPI claims that Act 22 beneficiary reports are public
November 15, 2022
With this Supreme Court panel’s decision, eight judges so far have ordered turning over the data.
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DDEC strips 311 decrees from Act 22 beneficiaries
August 2, 2022
The actions came from the agency’s Incentives Office.
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Gov’t revokes 121 tax incentives decrees under Act 22
December 16, 2021
The Department of Economic Development and Commerce (DDEC, in Spanish) has revoked 121 tax incentive decrees to Act 22 (now Act 60) beneficiaries who failed to submit annual reports to the agency, as the law required. Carlos Fontán, director of the DDEC’s office of business incentives in Puerto Rico, said in April, the agency began […]
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CPI INVESTIGATES: Puerto Rico Act 22 tax incentive fails
June 25, 2021
The jobs and economic impact anticipated by the Puerto Rico government never materialized. From being an instrument to attract millionaires and foreign investment, Act 22 went on to become a haven for cryptocurrency fans, YouTube personalities and consultants. By Luis J. Valentín Ortiz, Joel Cintrón Arbasetti and Dalila M. Olmo LópezCenter for Investigative Journalism A […]
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P.R.’s Acts 20, 22 add 36K jobs, inject $1.2B from ’12 to ’19
November 13, 2019
Puerto Rico’s Act 20 and Act 22 have generated 36,222 jobs and $1.2 billion in investments on the island from 2012 to 2019, a study revealed by the Department of Economic Development and Commerce confirmed. According to the study on the performance of the government’s incentives programs, commissioned to the Estudios Técnicos research firm, the […]
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