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prima:The dream of a regional financial center remains halfway

After three decades and a regulatory framework with multiple advantages, Puerto Rico has not been able to reach the level of Panama, Bermuda, or Miami as a financial center in the region

October 6, 2021 - 2:21 PM

Archival note
This content was published more than 3 years ago.

Granting a 4 percent preferential rate to International Financial Entities (IFE) would have cost the Treasury just $300,000 in taxes forgone during 2017 and less than $100,000 in 2018, according to the latest Tax Expenditure Report (IGT, Spanish acronym).

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