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I.R.S. Failed to Police Puerto Rico Tax Break, Whistle-Blower Says

An insider accused the agency of failing to scrutinize a lucrative tax break in Puerto Rico designed to lure wealthy Americans to the island.

By: The New York Times

Jun 03 2024
12
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I.R.S. Failed to Police Puerto Rico Tax Break, Whistle-Blower Says — I.R.S. Failed to Police Puerto

For the past decade, thousands of wealthy Americans have been flocking to Puerto Rico to take advantage of a tax break that can cut their tax bills to zero. For nearly as long, there have been allegations that the benefit enables multimillionaires to... [848 chars]

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