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Foreign Taxation in Puerto Rico

A United States Senate subcommittee investigating U.S. companies that shelter overseas profits from taxation has found that Microsoft withheld up to $4.5 billion in federal taxes from 2009 to 2011 by transferring profits to a Puerto Rican subsidiary.

Puerto Rico is a territory of the United States and its citizens are U.S. citizens, but the island is not treated as the rest of the United States under the Internal Revenue Code. Read More »Foreign Taxation in Puerto Rico

New Poll on Puerto Rico Governor Race

A new poll conducted by ASISA Research Group and reported on the El Vocero website has Governor Luis Fortuno pulling ahead of challenger Alejandro García Padilla by more than five percentage points:

  • Fortuno: 44.5%
  • Padilla: 39%
  • Undecided: 9%
  • Dalmau: 3.2%
  • Other candidates: <1% each

These results represent an increase of 11.5% for Fortuno since the last poll conducted by the company in July.Read More »New Poll on Puerto Rico Governor Race

Pierluisi Delivers Speech to Congress Regarding Plebiscite

Congressman Pedro Pierluisi delivered the following remarks in the House of Representatives this morning about the upcoming Political Status Plebiscite:

Mr. Speaker:

On November 6th, the U.S. territory of Puerto Rico will hold a plebiscite on the Island’s political future.  Voters will be asked if they want to continue the current status or to seek a new status.  Voters will also be asked to express their preference among the three alternatives to the current status recognized as legally and politically viable by the federal government and international law:  independence, nationhood in free association with the United States, and statehood.Read More »Pierluisi Delivers Speech to Congress Regarding Plebiscite

Luis Ramos Receives the Bronze Star

A Puerto Rican veteran who fought in some of the bloodiest battles of the Korean War was awarded a Bronze Star on Friday in San Juan.   Luis Ramos, who served with the Puerto Rico–based 65th Infantry Regiment, known as the Borinqueneers, received the medal at a ceremony held at a monument to the Borinqueneers.Read More »Luis Ramos Receives the Bronze Star