Rep. Nydia Velázquez seeks to make digital asset income federally taxable for mainland investors on the island. #NewsismyBusiness
The collaboration aims to help South Korean firms establish a U.S. market presence through Puerto Rico’s tax incentives. #NewsismyBusiness
If passed, the bill would grant $250M in tax incentives to the working class following an agreement between Gov. Pierluisi and the Financial Oversight and Management Board for Puerto Rico. #NewsismyBusiness
The four entrepreneurs are creating 24 jobs and investing more than $616,000.
Aimed at educating entrepreneurs, community leaders, founders and investors on how to "take advantage of the benefits of Law 60."
The pandemic devasted small- and medium-sized businesses across the United States, and those in Puerto Rico were no exception. For instance, the Puerto Rican restaurant industry alone lost $398 million in sales during 2020. Even with lockdowns and restrictions now lifting, many businesses are still feeling the financial ripple effects of closures and diminished revenues, […]
The Department of Economic Development and Commerce’s (DDEC, in Spanish) Film Industry Development Program has already assigned the full $38 million in tax credits available for Fiscal 22 to just four productions, before the start of the year on July 1, News is my Business confirmed. The situation has surprised local industry executives and drawn the attention of […]
Nonprofit organization Espacios Abiertos asked the San Juan Superior Court to enforce Puerto Rico’s constitutional right to access to information.
The government’s attempt to overhaul Puerto Rico’s tax code into an easy-to-monitor regime “adds yet another layer of complexity” to the island’s already complicated situation.
Synergi Partners, company focused on matters of tax incentives and hiring credits, announced the opening of a new office in San Juan, where it has been actively involved in supporting the island’s post-hurricane economic recovery.
PR Business Link, an organization that caters to recipients of government incentives through Acts 20/22, on Monday launched a new “Tax Incentive Calculator,” an online tool to help entice new investors and businesses to Puerto Rico, which will bring new and increased business to local companies.
A trio of Puerto Rico-based, private-sector companies will be hosting the “Puerto Rico Tax Incentive Conference” in New York on June 29, to showcase the tax incentives and competitive advantages that make the island “an ideal investment destination.”
Across-the-board spending cuts and tax increases, until recently, were the solution to deal with Puerto Rico’s debt and deficit. Today, the question on everyone's mind should be: how can we improve living conditions and promote spending to help jumpstart our stale economy?
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