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Long-awaited enforcement actions may be coming soon for those who took advantage of the lucrative tax breaks offered by the Commonwealth of Puerto Rico without meeting the requirements....
The moves come amid uncertainty about Democrats' plans to raise taxes on the rich.
The St. Regis Bahia Beach Resort in Puerto Rico boasts a golf course and oceanfront residences in a 483-acre nature reserve, set along azure waters and lush rainforest. But whats perhaps most appealing to those who are now rushing to this property is the section on its website explaining tax benefits for island residents.
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
May 11 2021, 9:31 AM May 10 2021, 6:03 PM May 11 2021, 9:31 AM (Bloomberg) -- With Democrats pushing for higher taxes on the richest Americans to fund President Joe Bidenâs infrastructure and climate initiatives, hedge fund managers are taking refuge in Puerto Rico. (Bloomberg) -- With Democrats pushing for higher taxes on the richest Americans to fund President Joe Bidenâs infrastructure and climate initiatives, hedge fund managers are taking refuge in Puerto Rico. ExodusPoint Capital Management and Millennium Management have established subsidiaries on the island, according to loc...