NY Times: IRS failed to police Puerto Rico tax break, whistleblower says
May 29, 2024
For the past decade, thousands of wealthy Americans have been flocking to Puerto Rico to take advantage of a tax break that can cut their tax bills to zero. #NewsismyBusiness #TheNewYorkTimes
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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 hosts summit to boost local and federal contracting
February 27, 2024
Government and industry leaders gather at Elevate Summit: Business Growth Opportunities to drive business growth and STEM education. #NewsismyBusiness
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Monllor Capital invests in first ESG-focused Qualified Opportunity Fund
April 17, 2023
The fund backs three Puerto Rico projects: Fusion Farms, Palmas Town Center and SunBeat Energy. #NewsismyBusiness
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Op-Ed: How a financial consultant can help PEFs optimize Act 60 incentives
March 1, 2023
Act 60 offers attractive benefits to private equity funds (PEFs) that establish operations on the island.
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Puerto Rico publishes guidance on incentives for blockchain services
February 28, 2023
With the new guidance, anyone who participates in blockchain validation can receive a 4% tax benefit.
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Free Act 60 workshops for Puerto Rico entrepreneurs, co.’s
December 8, 2022
The event will focus on explaining the 11 chapters and 120 sectors that the Act covers.
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Entrepreneurs launch guide to educate on Act 60
June 16, 2022
The effort includes a new website, a Facebook page and educational materials in English and Spanish.
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