A new tax to pay for tax cuts?

November 2010
Caribbean Business;11/4/2010, Vol. 38 Issue 43, p28
The author reflects on the announcement of Governor Luis Fortuno on the proposed tax reform that contained a significant reduction in the income tax rates payable by both individuals and corporations in Puerto Rico. An overview on the effect of the new excise tax on manufacturing companies are also offered. Moreover, the author suggests that the administration should remain open to identify additional sources of financing for the proposed tax reform.


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