Puerto Rico

Puerto Rico’s Financial Challenges Prompting Statehood Debate

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By Isabel Morales

More than a century after becoming a U.S. territory, Puerto Rico is still struggling with its legacy of colonialism, and the recurring debate over statehood is analyzed more than ever. Years of financial troubles and limited resources with devastating consequences on its population and development are leading to a crucial reconsideration of their status and future. Though there are several factors necessary to mention when examining reasons for statehood, one of the major ones is Puerto Rico’s economic development.

Territory Tax – A Comment on the Current state of Taxation for Puerto Rico Under the Trump Administration

June 7, 2018
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In December of 2017, Donald Trump signed the new GOP tax bill rearranging and recreating the way our country collects its dues. This bill affects every state in the Union, but it also affects one curious case in the Northeast Caribbean – Puerto Rico. The bill includes a new 12.5 percent tax on profits derived from intellectual property held by foreign companies. For Puerto Rico, this means it is treated differently from every other state. The new policy is designed to back the “America First” trademark of the Trump administration by bringing home American companies.

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