Several prominent Puerto Rican economists urged lawmakers on Monday to exempt educational institutions from the proposed 16 percent value-added tax being discussed as part of a sweeping tax reform for the island.
Puma Energy Caribe has ambitious plans on its horizon this year, including the expansion of its liquefied petroleum gas line and its vehicle service centers islandwide, Eduardo Galíndez, commercial manager for the petroleum company said Monday.
Toyota topped this year’s list of “most admired automotive companies” in the world according to the results of the latest survey by business magazine “Fortune.”
Intellectual property rights experts from the U.S. Department of Commerce and the U.S. Patents and Trademark Office will be in Puerto Rico on Feb. 25 to offer information on how local businesses can protect their intellectual property rights when they are exporting their product and services to the U.S. mainland and overseas markets.
The Puerto Rico Planning Board informed that at the end of 2014 it had approved 52 location consultations, representing a future investment of $3 billion and the potential to create 25,000 jobs.
The Puerto Rico Hotel and Tourism Association blasted the Tourism Co.’s stand on the proposed value-added tax structure the government is proposing as part of a comprehensive tax reform, saying the agency should “evaluate all aspects that will affect the hospitality industry.”
The Puerto Rico Minority Supplier Development Council will celebrate the 13th edition the “2015 Opportunity Fair,” under the slogan “Economic Revitalization in Motion” at the Puerto Rico Convention Center, Feb. 27 from 8 a.m. to 5 p.m., the group announced.
A subcommittee of the House Judiciary Committee announced Thursday it will hold a hearing on House Resolution 870, known as the Puerto Rico Chapter 9 Uniformity Act of 2015, at 11:30 a.m. on Feb. 26th in Washington D.C.
Puerto Rico’s auto industry reported Thursday yet another month of negative sales, confirming that January showed a 14.9 percent decrease in activity, upholding a non-stop drop that began early last year.
At the Puerto Rico Information Technology Cluster we believe that the potential success of the implementation of a value added tax system and how fair it could be for Puerto Ricans will depend largely on the strength of information systems that are launched to support it.
Telecommunications service provider Claro announced Thursday it will freeze all of its mass market rates for wireless and fixed telephony, Internet and television services “in solidarity with the consumer’s economic situation.”
Puma Energy Caribe, LLC recently selected DDB Latina Puerto Rico to handle its advertising, public relations, media and digital platforms in the local market, developing strategic plans to solidify the brand and its leadership in the category, the agency announced Thursday.
A pair of lawmakers presented Thursday a bill to amend the Puerto Rico Vehicle and Traffic Law to authorize the issuance, creation and use of the so-called virtual driver’s license, which would entail designing a mobile application to provide access.
House Speaker Jaime Perelló told Treasury Department officials during a hearing Wednesday that they need to “go back to the table” on certain aspects of the proposed tax reform, including the frequency with which consumers will receive rebates to mitigate the impact of the new 16 percent value-added tax structure.
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