Taxation in Puerto Rico

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Puerto Rico’s revival relies on re-establishing the certainty of death and taxes. The island’s governor, Ricardo Rosselló, on Tuesday put the official death toll from last year’s Hurricane Maria at 2,975, citing the calculations of an independent study he had commissioned. That’s a 46-fold increase on the initial count of just 64 fatalities. The delay […]

Warring creditor groups in Puerto Rico’s ongoing debt restructuring have reached an agreement that could resolve one of the most contentious disputes in the more than $70 billion bankruptcy case.

The Republican tax plan will erode the foundation of Puerto Rico’s most important industry and politicians who support it will pay a price at the polls, local officials said over the weekend.

When a president visits a disaster zone, three things normally happen: He thanks emergency responders for their work, offers words of comfort to victims, and promises to commit all federal resources available.

Puerto Rico’s Treasury Department says it is temporarily withholding $252 million worth of tax refunds because it is short on cash amid a dire economic crisis.

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