Category Archives: finance

Here’s how an obscure tax change sank Puerto Rico’s economy – Section 936 phased out over 10 years from 1996 to 2006

https://www.cnbc.com/2017/09/26/heres-how-an-obscure-tax-change-sank-puerto-ricos-economy.html Here’s how an obscure tax change sank Puerto Rico’s economy Even before a devastating hurricane brought Puerto Rico to a near standstill, the government there was struggling with an economy in shambles and a default on billions of dollars … Continue reading

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Tax Policy Helped Create Puerto Rico’s Fiscal Crisis

https://taxfoundation.org/tax-policy-helped-create-puerto-rico-s-fiscal-crisis Tax Policy Helped Create Puerto Rico’s Fiscal Crisis June 30, 2015 Scott Greenberg   Gavin Ekins Yesterday, the governor of Puerto Rico announced that his government’s $72 billion of debts are not payable, in advance of $1.92 billion in … Continue reading

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Cost of living in San Juan, Puerto Rico metro area 11.6% higher than U.S.

Cost of living in SJ metro area 11.6% higher than U.S. Written by Michelle Kantrow // June 20, 2016 // Economy Living in the Metropolitan Statistical Area of San Juan-Carolina-Caguas is 11.6 percent higher than the average for other metropolitan … Continue reading

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Puerto Rican Businesses No Longer Allowed to Require Cash Only for Payments

http://www.laht.com/article.asp?CategoryId=14092&ArticleId=2414400 Puerto Rican Businesses No Longer Allowed to Require Cash Only for Payments SAN JUAN – Businesses in Puerto Rico will have to offer customers two ways to pay as of Wednesday, with consumers no longer forced to pay in … Continue reading

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How to fix Puerto Rico’s broken economy

http://www.caribbeanbusiness.pr/prnt_ed/how-to-fix-puerto-ricos-broken-economy-10563.html See also our recommendations HERE. 11 experts share their ideas on how to fix Puerto Rico’s broken economy How to fix Puerto Rico’s broken economy By : CB STAFF cbeditor@caribbeanbusinesspr.com; cbprdigital@gmail.com Edition: October 30, 2014 | Volume: 42 | … Continue reading

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Puerto Rico’s housing market sluggish – leading economic indicators, statistics on turnaround

http://www.globalpropertyguide.com/Caribbean/Puerto-Rico/Price-History Puerto Rico’s housing market sluggish Puerto Rico has suffered an enormous economic crisis in the past five years.  There’s been high unemployment, massive emigration, and a near-catastrophic national debt crisis and credit rating downgrades The crisis has brought many … Continue reading

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