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prima:Joe Biden’s agenda impact on Puerto Rico’s proposal for excise tax

Senator Juan Zaragoza and CPA Kenneth Rivera Robles agree that the future of the federal spending bill will impact action on the island

January 9, 2022 - 11:00 AM

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This content was published more than 2 years ago.
President Joe Biden. (Agencia EFE)

Washington - The future of President Joe Biden’s social spending bill will impact the Puerto Rican government strategy to replace the 4 percent tax on the sales that Controlled Foreign Corporations (CFCs) established on the island make to their parent companies, experts said.

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