Espacios Abiertos warns $400 million reduction may undermine labor force incentives. #NewsismyBusiness
The new rate applies to capital gains, interest and dividends under the Incentives Code beginning next year. #NewsismyBusiness
Edmy Rivera-Colón tells News is my Business that the substitute reform should boost jobs and be easy to comply with, making the island more competitive. #NewsismyBusiness
Eight Puerto Rican private sector organizations endorse Senate Bill 1298/House Bill 1839 for reduced individual and corporate tax rates and simplified tax measures. #NewsismyBusiness
The oversight panel says it ensures fiscal responsibility and sustainable economic growth, while reforming education and the tax system. #NewsismyBusiness
Puerto Rico has a tax system that no one consciously would have built from the ground up.
The Puerto Rico Society of CPAs warned over the weekend about the implications of certain technical amendments approved in the Tax Reform during the legislative session ended last week, which were introduced at the last minute and without having been discussed in public hearings. David González-Montalvo, president of the CPAs, said “many of the amendments […]
The Tax Affairs committee of the Puerto Rico Chapter of the Association of General Contractors of America (AGC-PR) asked the Treasury Department and offered its help to establish clear and uniform rules for the application in the construction industry of certain adopted changes under the Tax Reform of 2019. This request was made at the […]
Puerto Rico Gov. Ricardo Rosselló, closed 2018 with a message saying his administration is promoting economic development by reducing taxes.
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.
Puerto Rico’s School of Certified Public Accountants expressed its support of House Bill 1544, which proposes a new Tax Code for the island, saying it introduces “a number of significant changes in the rate of income tax for both individuals and corporations.”
Members of Puerto Rico’s banking sector testified at a House hearing to analyze the new Tax Reform under review, saying its principles are “step in the right direction.”
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.
While we continue to push for the Dream Act before the end of the year and the extension of Temporary Protected Status, we cannot lose sight of a major threat facing the Latino community and the nation.
The tax reform and the resulting economic development and job creation to our nation included in President Donald Trump’s campaign platform is the best we have seen in any presidential candidate in recent history.
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