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Federal tax reform bill could suffocate Puerto Rico

The US Congress would approve today its tax reform proposal without eliminating the rate imports would pay, including the production of US companies based on the island

16 de noviembre de 2017 - 3:48 PM

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This content was published more than 7 years ago.

If approved without changes, the project that President Donald J. Trump wants to promote as his legacy to encourage US companies to return and create jobs, will have the side effect of taking Puerto Rico “out of the game" as a place to do business. (AFP

By Joanisabel González

Editora de Negociosjoanisabel.gonzalez@gfrmedia.com

Despite months of lobbying by private sector leaders, the federal House of Representatives is preparing to approve a tax reform that will jeopardize almost 250,000 jobs in Puerto Rico, a jurisdiction with a poverty rate of 46 percent and that was just devastated by one of the worst 10 hurricanes in history.