Article

2010-10-27 Economy

Puerto Rico lowers business & income tax 60% to stimulate economy

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Posted by Frozen Al 2010-10-27 00:00|| || Front Page|| [2 views ] Top

#1 Reuters got the headline wrong and also didn't write up the story very well.

What is happening here, I think, is that PRico is bumping up the tax on some multinationals for 2010, then decreasing the bump for the four years after that. The idea is to keep the multinationals in P Rico but also to extract lots of $$ in the short run to help with the balance sheets in the short term.

Posted by lord garth 2010-10-27 05:27|| 2010-10-27 05:27|| Front Page Top

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