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Board defends Cofina deal

While the entity argues that it avoids a legal battle, citizens and unions allege that it will affect the government

17 de enero de 2019 - 9:55 AM

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This content was published more than 5 years ago.
The hearing will continue today.
The hearing will continue today. (tonito.zayas@gfmedia.com)

The agreement that will divide the Sales and Use Tax (SUT) revenues between the Sales Tax Financing Corporation (Cofina, Spanish acronym) and the central government, - and that in turn would serve to modify almost $ 18 billion to be paid through that tax - may not be the best deal in economic terms, but it is the most "reasonable" solution to avoid a years-long legal dispute that could drain the government´s already limited funds. 

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