Puerto Rico House Leadership proposes a thorough reviewConsidering the elimination of the federal tax credit under Act 154-2010, the Puerto Rico House Speaker will propose changes in several areas of the tax system
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Washington - The leadership of the Puerto Rico House will propose a holistic review of the island’s tax system, seeking to mitigate, to a large extent, the impact of the end of the federal credit on foreign companies’ sales tax, which brings the Puerto Rican Treasury between $1.8 billion and $2 billion annually.
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