Software giant Microsoft has reportedly been using three jurisdictions where it operates outside the United States — Puerto Rico, Ireland and Singapore — as tax shelters to reduce its federal tax bill, the Financial Times reported.
Sales and use tax collections remain steady during the first 10 months of the current fiscal year, a pattern Treasury Department Secretary Jesús Méndez said is the result of several measures the administration has implemented to shore up much-needed cash for the government.
Puerto Rico residential property owners who have yet to register their units with the Municipal Revenues Collection Center, or CRIM, have until mid-June to do so to avoid being the target of potentially significant fines, government officials said Monday.
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