An IRS & Local Tax Evasion Scheme in Puerto Rico, USA:
(Laws 20 & 22 were introduced & passed during Gov Luis Fortuno's Administration. They allow people from the US to come to Puerto Rico, USA and thus evade paying taxes to the IRS or to local State Taxes. The US citizens of bankrupt Puerto Rico, who pay outrageous state taxes, are not happy with these laws tailored for the privileged rich to evade paying the IRS)
The Act 20/22 Society: "ABOUT US"
The 20/22 Act Society is a membership based organization that is comprised of individuals who have moved to Puerto Rico from various places throughout the world, in view of the passage of Acts 20 and 22 of 2012.
The Society was formed by Robb Rill, one of the first individuals to relocate to the Island. We provide free guidance to everyone that reaches out with an interest in relocating to Puerto Rico under the aforementioned Acts, to make sure that potential and current recipients of tax exemption decrees granted under the Acts are fully cognizant of their compliance obligations as part of our educational efforts.
At the same time, the Society serves as a venue to gather those interested in relocating with those that have already made Puerto Rico their home, as an opportunity for them to share their experiences, clarify their general concerns and be part of a like-minded community.
The ultimate purpose of the Society is to serve as a voice to promote the significant impact that the 20/22 community can have in the Puerto Rico’s nonprofit sector. To achieve this, the 20/22 Act Foundation Inc. was created to support and directly work with local charities in different philanthropic areas regarding but not limited to: animal welfare, children’s, education, elderly care, and homeless areas by allocating monetary contributions collected as part of the educational and social efforts made through the Society.
The Foundation is certified as a nonprofit organization under both the Puerto Rico Internal Revenue Code Section 1101.01 and the Federal Internal Revenue Code Section 501(c)(3).
(Most of the things that were required to people in order to benefit from these laws, when they were passed, have been eliminated.)
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