Puerto Rico's tax shelter for the rich could demonstrate economic development
By Hicbd
Wed Jul 29 2020 6:46 pm
"The only thing that impacts a tax burden in the Commonwealth is the taxes of the local governments and a few select federal taxes, like payroll taxes, that impact income earnings. Because of this scheme, billionaires from the mainland view living and doing business from Puerto Rico as a strategy to circumvent and alleviate individual tax burdens."
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