Faced with a recent 70 percent hike in municipal taxes payable to Caguas, a group of companies representing a broad sample of businesses — restaurants, supermarkets, cash & carries, retail store chains, and telecommunications carriers — filed a lawsuit against the town to challenge the levy.
Private sector representatives got together Thursday to blast the Caguas municipal government for what they called an “excessive and discriminatory” tax increase that took effect July 1 and affects businesses making more than $3 million in revenue.
The Association of Insurance Companies of Puerto Rico (known as ACODESE for its Spanish acronym) blasted Gov. Alejandro García-Padilla’s decision to veto House Resolution 2698, which would have confirmed the exemption of medical services from the 4 percent business-to-business tax.
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