Open Spaces report finds expenses significantly exceed initial estimates under the Puerto Rico Oversight, Management and Economic Stability Act. #NewsismyBusiness
Espacios Abiertos’ Daniel Santamaría-Ots points to $3.8 billion revenue potential from taxing multinationals. #NewsismyBusiness
Espacios Abiertos emphasizes the potential economic impact starting in 2025. #NewsismyBusiness
The watchdog reviewed the central government and municipalities’ fiscal expenditures. #NewsismyBusiness
Free assistance is being offered to file for higher EITC and CTC. #NewsIsMyBusiness
Espacios Abiertos questions lack of transparency and data supporting the board's updated forecast for a deficit by 2027. #NewsismyBusiness
The nonprofit states it is still missing "important data" to determine the full benefit of the EITC.
The Alliance for Economic Security announced the second phase of the ReclamaTuDineroPR initiative.
The cost of economic incentives in Puerto Rico is on the rise, ranking it above 29 US jurisdictions and 92 countries relative to the size of its economy.
The new tool allows visualizing the impact on the economy and on people's pockets of some $2.6 billion that can be received from tax credits.
More than 304,000 families could benefit this year from the Child Tax Credit (CTC) and 466,000 families from the Work Credit benefit, which together will benefit their pockets and inject up to $2.6 billion into the Puerto Rican economy, according to for Youth Development Institute of the nonprofit Espacios Abiertos (EA). Economist María Enchautegui, the […]
An estimated 125,000 people, or 54,920 families or taxpayers, could cross the poverty line in Puerto Rico by adopting the new Earned Income Tax Credit, Economist Daniel Santamaría-Ots, senior public policy analyst at Espacios Abiertos, confirmed upon analyzing tax returns filed for the year 2019. The nonprofit released the results of the study entitled “The […]
The Financial Oversight and Management Board for Puerto Rico has spent five years cutting essential services, while staying away from the “deep pocket” of tax incentives that represent 67.7% of the total expenses related to the commonwealth’s General Fund, even though whether they produce some economic or social benefit is unknown, according to an analysis […]
Nonprofit organization Espacios Abiertos’ Quienmerepresentapr.com website recently landed a distinction after positioning itself among the best in the web from the International Academy of Digital Arts and Sciencies, as part of the 25th edition of its Webby Awards for internet excellence. This year’s “Webby Honorees” included Espacios Abiertos’ website, which was recognized in the competition’s […]
On the occasion of the celebration of Sunshine Week, nonprofit organization Espacios Abiertos urged the leadership of the three branches of government to adopt four “open government proposals” to achieve a “fairer and equitable” Puerto Rico. The proposals call for: amending the Transparency and Open Data laws; adopting an “Open Checkbook” program; creating the public […]
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