Groups aim to address inventory tax, regulatory costs and policies affecting business competitiveness. #NewsismyBusiness
Luis Pizarro-Otero says the moratorium could help offset the impact of the U.S.-China trade war. #NewsismyBusiness
While small businesses cannot control government trade policies, they can take proactive steps to minimize risks and seize new opportunities. #NewsismyBusiness
It is estimated that Puerto Rico businesses pay about $220 million in annual inventory taxes. #NewsismyBusiness
Business leaders and officials discuss eliminating the tax and finding a substitute to support municipal funding. #NewsismyBusiness
Seven private-sector organizations representing most sectors of Puerto Rico’s economy have banded together to educate on the importance of hurricane preparedness, just a few days before the start of this year’s storm season. The goal is to inform the public on the steps they should take to be ready to face an emergency or an […]
The U.S. Treasury has submitted a report with recommendations to transform Puerto Rico’s property tax system, including the potential elimination of the controversial inventory tax, Raúl Maldonado, the local administration’s CFO said. Maldonado, who is also Puerto Rico Treasury Secretary, shared the content of the report with members of the United Retailers Association, the School […]
During a meeting Monday between retailers and merchants and Rep. Antonio Soto, chairman of the House Finance Committee, it was agreed that the tax has to be voided.
This tax limits the availability of basic necessities and supplies in general in the stores, and it harms the population's ability to face any crisis.
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.
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