This article is of great value for anyone who wants to learn how to cheat the IRS using the US Territory of Puerto Rico,USA where local leadership in cohorts with the US economic powers, have created an offshore tax haven for the rich of the world.
All this,while Puerto Ricans, all US Citizens, are drowning in debt and misery, especially after Hurricane Maria. Since PR's do not have Representation in Congress, only a couple of people speak for us, and not necessarily what we want them to say.
Miriam J. Ramirez
PREMIER
OFFSHORE
08/05/2017
Below is an updated review of Puerto Rico’s tax
incentives for 2017. Major changes were made to Act 20 and Act 22 on July 11,
2017 (the most popular of Puerto Rico’s tax incentives). In addition, some of
the tax incentives have been added and others have been amended. Below is a
complete list of the tax holidays available in Puerto Rico as of August 2017.
A new business friendly government has been elected in
Puerto Rico and they’re making you a tax deal you can’t refuse. Move a business
to the island and pay only 4% in tax, move yourself to Puerto Rico and pay zero
in capital gains, set up a bank or hedge fund and pay only 4% tax, etc. The
list of tax incentives in Puerto Rico has become very impressive.
And only Puerto Rico can offer you these tax
incentives. We US citizens are taxed on our worldwide income. The ONLY
exception to this is residents of the US territory of Puerto Rico.
Residents of Puerto Rico don’t pay US taxes on Puerto
Rico sourced income. They pay only Puerto Rico tax on local profits and capital
gains (including stock gains in publicly traded companies). See US Tax Code Section 933.
This means that Puerto Rico is free to set whatever tax
rates it wants. In years past, the government would charge residents about the
same as the US IRS, so there was no benefit to relocating.
Today, Puerto Rico has many tax incentives for business
and high net worth individuals. The government is very motivated to attract
quality businesses to the island and has pulled out all the stops with these
updated tax incentives. For more, see…..
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