It owes $8 million to Microsoft & $12 billion to Banco Popular de PR
Banco Popular de Puerto Rico,the trustee on the massive bonds the island has issued
Puerto Rico owes Microsoft more than $8 million for "services" the software company has provided. It also owes $3.2 million to Manpower, a talent recruitment agency.
Five Facts About Puerto Rico's Utter Economic MiseryUnemployment rate high on island nation
By JACKIE WATTLES May 08, 2017
CNN MONEY
CNN MONEY
HOW MICROSOFT AVOIDED BILLIONS IN TAXES, AND WHAT THE GOP SAYS IT WILL DO ABOUT IT -
by Max Ehrenfreund
Feb10, 2017
On paper, Microsoft’s facility in Puerto Rico was wildly profitable. With just 177 workers, the plant recorded $4 billion in earnings in 2011, a Senate investigation found.
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