Tag Archives: tax incentives

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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