TITLE

Bills to reduce income tax to small and midsize, non-tax-exempt corporations, individuals; United Retailers with major input

AUTHOR(S)
Ryan, Frances; Márquez, Carlos
PUB. DATE
April 2008
SOURCE
Caribbean Business;4/24/2008, Vol. 36 Issue 16, p30
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article reports on the recommendations to reduce income tax for small and midsize, non-tax-exempt corporations in Puerto Rico. These suggestions from the United Retailers Association (CUD) are considered by the technical committee evaluating the proposal for the 2008 Puerto Rico Socioeconomic Development Incentives Act. Small businesses with annual income not exceeding $5 million will be considered. Moreover, incentives will vary according to three net-income categories.
ACCESSION #
31853178

 

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