Two of the island’s largest private-sector trade groups, the Puerto Rico Chamber of Commerce and the CPA Society, weighed in Wednesday on the possible reasons for the $442 million revenue shortfall the Treasury Department reported for the month of April.
Executives have been named to top positions in Puerto Rico government agencies and private-sector companies across a spectrum of industries.
Amid news of credit degradation, income tax increases, rumors of raises in the sales and use tax, and possible changes to the federal minimum wage, you can almost hear the groans of small and medium business owners throughout Puerto Rico.