Tag Archives: tax break

Task Force Created to Lobby for Return of Critical U.S. Manufacturing to Puerto Rico

The Coronavirus problem illustrates it is a no brainer opportunity for Puerto Rico to replace China as the main source of key pharmaceuticals, to reduce the overdependence on China, bringing more jobs to Puerto Rico, speeding delivery of pharmaceuticals to … Continue reading

Posted in Puerto Rico necessary improvements | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

How Puerto Rico got into its current financial mess

  https://www.miamiherald.com/news/business/biz-monday/article64452617.html How Puerto Rico got into its current financial mess BY JOHN McPHAUL Special to the Miami Herald March 06, 2016 02:00 PM   A man drinks a beer in a local bar as he watches Puerto Rico’s governor … Continue reading

Posted in Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Coronavirus shows US needs to restore pharmaceutical production — in Puerto Rico

Excellent article shows how dependence on China for medical supplies & drugs, as 2 examples, are dangerous since over-reliance on outside countries can prevent the supply chain from operating to supply whatever is needed in a timely manner. https://nypost.com/2020/03/07/coronavirus-shows-us-needs-to-restore-pharmaceutical-production-in-puerto-rico Coronavirus … Continue reading

Posted in Puerto Rico necessary improvements, Puerto Rico politics and government | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

In 1996, people warned the loss of Section 936 tax breaks would severely damage Puerto Rico. They were absolutely right

http://www.ipsnews.net/1996/02/puerto-rico-economy-tax-breaks-under-threat PUERTO RICO-ECONOMY: Tax Breaks Under Threat By IPS Correspondents Reprint | | Print | Scott West SAN JUAN, Feb 9 1996 (IPS) – Tax incentives which have led to the rapid industrialisation of Puerto Rico, giving the island’s people … Continue reading

Posted in Puerto Rico economic crisis | Tagged , , , , , , | Leave a comment

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

Posted in culture and cycle of dependency, finance, Puerto Rico economic crisis | Tagged , , , , , , , , | Leave a comment

Puerto Rico’s Slide 5-9-17 Bloomberg

https://www.bloomberg.com/quicktake/puerto-ricos-slide Puerto Rico’s Slide By Michelle Kaske | Updated May 9, 2017 1:54 PM UTC Puerto Rico has the population of Connecticut and an economy smaller than Nebraska’s. It also has more debt — $70 billion — than any U.S. state government except California, New … Continue reading

Posted in Puerto Rico economic crisis | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment