The Private Sector Coalition is calling for the union of all sectors, to change the perception that Puerto Rico is one step from becoming a narco-state maintained by an underground economy into one seen as having the region’s best infrastructure, technology and professionals.
The Private Sector Coalition and representatives of 17 labor unions signed a “historic” Memorandum of Understanding to collaborate with and support federal initiatives that spur socioeconomic development in Puerto Rico.
The Private Sector Coalition is looking to create a multi-sectoral working committee to ask Congress to amend Section 243 of the U.S. Internal Revenue Code, so that corporations established in Puerto Rico can benefit from the same special tax rates given to domestic companies operating stateside.
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