You are currently browsing the tag archive for the ‘puerto rico business tax’ tag.

Once again, Puerto Rico is being looked at as an example for creative avenues of controlling the budget deficit.  After reducing the overall tax rate for both personal incomes and most businesses, the governor of Puerto Rico has installed a very creative means for ensuring all revenues are reported and taxes paid by businesses.

by Bloomberg.com:

A 10-digit lottery number on a crumpled Church’s Chicken receipt is Governor Luis Fortuno’s solution for pulling Puerto Rico from its “lost decade” and may salvage his popularity.

The number, printed at a Ponce restaurant by a machine that reports sales directly to the Commonwealth’s Treasury, seeks to turn every Puerto Rican into an enforcement agent. The program will give anyone with a receipt a chance to win $1,000 or a car, while forcing businesses to report and pay taxes.

Consumers have a “personal interest in making sure that the tax is collected and sent over to our local Treasury Department,” Fortuno, a 50-year-old Republican, said in an interview in his San Juan office. Read the rest of this entry »

Advertisements

By: Marshall Kirby, Public Policy Analyst

Mr. Kirby joins The National Puerto Rican Chamber of Commerce with an experienced background in Public Policy Analysis.  He has worked for Americans for Informed Democracy, the Center for US Global Engagement, and for local governments in Virginia on issues ranging from international finance, national security, and other areas of foreign and domestic policy.  He holds a Master of International Development Degree from the University of Pittsburgh.

In the news, a lot of time and coverage has been spent on the issue of taxes and the responsible course of action of spurring economic growth in a recession and balancing real concerns of government deficits when major spending cuts are no longer politically feasible.  In Washington, there is a lot of political rhetoric surrounding tax cuts and tax credits for the middle class and small businesses or whether increasing taxes on the top earners and large corporations will bring relief to the struggling or help pull the country out of the recession.   In Puerto Rico, there are similar talks, especially as the governor has announced a new policy which has left many at odds over the decision.

Luis Fortuno, the young governor of the island, has made a shocking move that has left differing stakeholders at odds.  Read the rest of this entry »

Join 8 other followers

Articles by Category

RSS Articles for the Entrepreneur

  • An error has occurred; the feed is probably down. Try again later.

RSS Forbes Entrepreneurs

  • An error has occurred; the feed is probably down. Try again later.

RSS Puerto Rico news from PRFAA

  • An error has occurred; the feed is probably down. Try again later.

Join 8 other followers

RSS National Puerto Rican Coalition, Inc.

  • An error has occurred; the feed is probably down. Try again later.

Most used tags:

51st State Issue african-american entrepreneurship best schools for hispanics best schools for puerto ricans breast cancer hispanics broadband broadband for minorities broadband in puerto rico broadband puerto rico business policy charlie rangel congress and small business conservative fiscal policy diageo economic growth economic growth policy entrepreneurship contest entrepreneurship education entrepreneurship in the classroom facebook for minority business facebook for small business governor fortuno healthcare hispanics hispanic entrepreneurs hispanics and broadband hispanic scholarships investment opportunities puerto rico latina breast cancer latina entrepreneurs latino broadband latino education latino entrepreneurs latino entrepreneurship latino entrepreneurship videos latino leaders marijuana and business marshall kirby minorities in corporations minority board representation minority bus. development minority business minority entrepreneurship minority small business research net neutrality obama and small business peurto rico economy poll on economic outlook puerto rican economy puerto rican entrepreneurship puerto rican environmental policy Puerto Rico 15st State puerto rico broadband puerto rico business puerto rico business tax puerto rico credit rating puerto rico economy puerto rico unemployment research on small business research on women in business rum cover over sba september 11th small business advice small business development small business economic outlook small businesses drive economy small businesses of elected officials small business jobs and credit act of 2010 small business loans small business policy small business taxes tax policy The National Puerto Rican Chamber of Commerce Publicity via verde women in business