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End of tax credit for CFCs seems imminent

New reports suggest that the Treasury is considering ending the tax credit that brings $2 billion annually to the island

27 de noviembre de 2019 - 12:05 PM

Archival note
This content was published more than 5 years ago.
Secretary  of the U. S. Treasury Department, Steve Mnuchin. (GFR Media)
Secretary of the U. S. Treasury Department, Steve Mnuchin. (GFR Media)

The Treasury Department has considered announcing this Christmas the end of the Law 154-2010 4 percent tax imposed on foreign corporations doing business in Puerto Rico and which represents nearly $2 billion annually.

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