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The Puerto Rico Public–Private Partnerships Authority (P3A) (Spanish: Autoridad para las Alianzas Público Privadas de Puerto Rico (APPP)) is a government-owned corporation of Puerto Rico created in order to regulate public–private partnerships (PPP) in Puerto Rico. [1]
Financial Oversight and Management Board for Puerto Rico (FOMBPR), colloquially known as La Junta de Control/Supervisión Fiscal is a government entity whose role to revise and approve the budget and obligations of the government of Puerto Rico was created by federal law PROMESA.
There is no widely accepted definition of what a PPP unit is. The World Bank defines a PPP Unit as an organization that “promotes or improves PPPs. It may manage the number and quality of PPPs by trying to attract more PPPs or trying to ensure that the PPPs meet specific quality criteria such as affordability, value for money, and appropriate risk transfer.” [2] Heather Whiteside describes ...
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Act 22 of 2012 —also known as the Act to Promote the Relocation of Investors to Puerto Rico (Spanish: Ley para Incentivar el Traslado de Inversionistas a Puerto Rico)— is an act enacted by the 16th Legislative Assembly of Puerto Rico that exempts local taxes on certain passive income generated by individuals that reside in Puerto Rico.
Puerto Rico-based corporations that intend to send funds to the U.S. [15] However, notwithstanding these requirements, some residents of Puerto Rico are not required to file federal income tax returns because their income falls below the poverty threshold. As of 2019, the median income of Puerto Rico was $20,166, which falls below the poverty ...
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After Puerto Rico was ceded to the United States as part of the Treaty of Paris, the United States and Puerto Rico began a long-standing metropolis-colony relationship. [4] It is at this time that Puerto Rico became subject to the Commercial and Territory Clause of the U.S. Constitution, clauses that restrict how and with whom can Puerto Rico ...