Search Results for: "Act 22"
The Losing Puerto Rico media project launched a multimedia campaign to focus attention on an obscure and one-of-a-kind tax loophole that allows rich Americans to move to Puerto Rico and avoid paying most of their taxes.
A panel of four Supreme Court justices unanimously rejected a petition filed by the Puerto Rico Privacy Association that sought to block the lower court’s decision ordering the disclosure of the annual reports submitted by Act 22 beneficiaries, a statute that has been part of the Act 60 Incentives Code since 2019.
Four judges have ordered the handing over to the Center for Investigative Journalism (CPI, in Spanish) of the annual reports submitted by the beneficiaries of the Act to Promote the Relocation of Investors to Puerto Rico, or Act 22, which is now part of the Incentives Code.
If you didn’t know, Act 22 is a law exempting new residents of the Island from capital gains taxes and other passive income.
With a generational shift against the status quo, a growing reluctance among Puerto Ricans to see their islands become part of an increasingly authoritarian nation, and now a battle between its two leading figures —Gov. Pedro Pierluisi and Resident Commissioner Jenniffer González-Colón, a Trump supporter— the ruling pro-statehood New Progressive Party’s days seem numbered.
This is the story of two Puerto Ricos—a phantasmagorical island cooked up by Pierluisi and the one Boricuas endure daily.
French authorities, with the help of the FBI, raided the offices of the Michèle Vasarely Foundation in Old San Juan on Tuesday. The raid reportedly concerned the whereabouts of $40 million worth of art created by Hungarian-French artist Victor Vasarely.
Latino Rebels’ senior editor Hector Luis Alamo provides an overview of some of the most interesting and important things he’s seen, read, and heard over the past week.
On this episode, we travel to the city of Caguas and follow the story of the Comedores Sociales de Puerto Rico, one of the many community-led groups that would occupy an abandoned space after Hurricane María and mobilize to meet their own needs.
Since the implementation of Act 22 approved in 2012 in Puerto Rico, which attracts foreign investors with tax incentives, access to affordable housing for survivors of domestic violence and sexual assault has been a growing challenge.
DORADO, Puerto Rico — On Saturday, hundreds of Puerto Ricans climbed the rocky paths that surrounded Dorado Beach to protest the decades-long privatization of one of Puerto Rico’s most prominent natural resources.
“Ahead of the supposed visit of the King of Spain, Felipe VI to Puerto Rico and the escalation of gringo invaders siezing our lands, we want to send a clear message: Niether Kings Nor Gringo Invaders; Borikén is ours,” the group said in a statement.
“A Puerto Rico without Puerto Ricans” has become almost cliche in talks concerning the current wave of gentrification washing over the islands. It’s a phrase so bold-faced about ridding the island of its native inhabitants that one is tempted to view it as satire, if the message behind it hadn’t become all too real for the people of Puerto Rico over the past decade.
The debate over the gentrification led by an influx of wealthy Americans turns on complicated and contested issues, including housing, taxes, and economic development. But it also begs a much deeper question: whether Puerto Ricans are a nation, or merely the current tenants of a particularly attractive piece of real estate in America’s empire.
History has a way of repeating itself, and in many ways Batista’s Cuba is echoed in today’s Puerto Rico.
With his sights locked on the governor’s mansion in 2024, Juan Dalmau understands the importance of timing in Puerto Rico.
“I don’t agree with them. I am not going to support their statehood bill until we straighten Puerto Rico out,” Schumer said.
Thirty-five years ago Rubén Berríos, the president of the Independence Party of Puerto Rico (PIP), made a very dramatic speech. He informed the world that both of the major parties in Puerto Rico were a complete fraud. The reason was very simple: both of them defined their candidates, and trolled for votes, and structured their […]
An economic lunacy is gripping Puerto Rico. Wall Street has demoted the island’s debt to “junk bond” status. The government is teetering on bankruptcy and raising taxes in every direction. The latest proposals include a 16% “Value Added” tax and a tax on every obese child. In fact, despite the claim that Puerto Ricans “pay no […]