Search results
Results from the WOW.Com Content Network
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 (United States), almost a corporate tax haven "concession" by the U.S., [131] but which the Tax Cuts and Jobs Act of 2017 mostly removed. [132] Major sovereign States that feature on financial secrecy lists (e.g. the Financial Secrecy Index), but not on corporate tax haven or traditional tax haven lists, are:
Taxation in Puerto Rico consists of taxes paid to the United States federal government and taxes paid to the Government of the Commonwealth of Puerto Rico.Payment of taxes to the federal government, both personal and corporate, is done through the federal Internal Revenue Service (IRS), while payment of taxes to the Commonwealth government is done through the Puerto Rico Department of Treasury ...
Because of this, Puerto Rico is subject to the plenary powers of Congress. Nonetheless, Puerto Rico has established relations with foreign nations, particularly with Hispanic American countries such as Colombia and Panama. [1] [2] The establishment of such relations, however, requires permission from the U.S. Department of State or Congress itself.
Main page; Contents; Current events; Random article; About Wikipedia; Contact us; Pages for logged out editors learn more
2012 Budget of the Government of Puerto Rico. The Budget of the Government of Puerto Rico (Spanish: Presupuesto del Gobierno de Puerto Rico) is the proposal by the Governor of Puerto Rico to the Legislative Assembly which recommends funding levels for the next fiscal year, beginning on July 1 and ending on June 30 of the following year.
Puerto Rico's governor, who is the head of government, and the members of the legislature are elected every four years by popular vote. Puerto Rico's legislature is a bicameral body consisting of a Senate and a House. The members of the judicial branch are appointed by the Governor with the approval of the Senate to serve until they reach age 70.
The Puerto Rico Center for the New Economy (CNE) —Spanish: Centro para la Nueva Economía— is an economy-centered think tank that has emerged as an incubator for future economic public policy in that United States territory. [1]