Tag Archives: tax incentives

Tax Incentive Association Launches to Promote Puerto Rico

It is wonderful that the smart politicians are promoting incentives to make Puerto Rico an engine for job growth as this will allow more opportunities for Puerto Ricans to not only improve their skills, but also to earn higher salaries.  … Continue reading

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The island that can save America – Puerto Rico can manufacture much needed pharmaceuticals while lessening dependence on foreign countries such as China, India, Ireland

When the government ended the tax incentives for pharmaceutical manufacturers in Puerto Rico in 1996, many of them left, which left Puerto Rico in a downward spiral from which it still has not recovered.  Incentives to bring investors, manufacturing, capital, … Continue reading

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Puerto Rico’s Big Pharma Push to Bring More Good High-Paying Jobs

Let’s give tax incentives to the pharmaceutical industry to bring more good high-paying jobs to Puerto Rico, while also reducing our dependence on China. https://www.industryweek.com/the-economy/article/21132824/puerto-ricos-pharma-push Puerto Rico’s Big Pharma Push The U.S. territory, already home to 12 of the 20 … Continue reading

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Puerto Rico is shovel-ready for the COVID-19 recovery

https://thehill.com/opinion/finance/497415-puerto-rico-is-shovel-ready-for-the-covid-19-recovery Puerto Rico is shovel-ready for the COVID-19 recovery By Jorge Heine and Kevin P. Gallagher, opinion contributors — 05/13/20 05:00 PM EDT 43 The views expressed by contributors are their own and not the view of The Hill © … Continue reading

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Puerto Rico governor Wanda Vazquez is killing the golden goose, by gouging Individual Investors who are responsible for investing billions in Puerto Rico and hiring thousands of Puerto Ricans for higher paying jobs

The Law to Encourage the Transfer of Individual Investors to Puerto Rico, previously known as Law 22-2012, was a great law when first passed in 2012.  However, the Puerto Rican governor Governor Wanda Vazquez last week raised the requirements to … Continue reading

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Pharmaceutical industry: Eyes on Puerto Rico – To reduce overdependence on China for drug supply, increase production in PR with tax incentives

  https://www.elnuevodia.com/english/english/nota/pharmaceuticalindustryeyesonpuertorico-2551776 Pharmaceutical industry: Eyes on Puerto Rico Discussion on new incentives to increase the production of pharmaceuticals on the island after the crisis in China revives Tuesday, March 10, 2020 – 9:04 AM By José A. Delgado The federal … Continue reading

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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

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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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