IRS Likely To Increase Scrutiny On The Puerto Rico Act 22 Tax Break

IRS will likely increase scrutiny on tax breaks on the Puerto Rico Act 22.

By: Forbes

Jun 30 2024
1
4126 Views

IRS Likely To Increase Scrutiny On The Puerto Rico Act 22 Tax Break — IRS Likely To Increase Scrutin

Puerto Rico's legislature passed Act 22 in 2012, according to critics in Congress, to attract wealthy foreigners and mainlanders to Puerto Rico by offering generous tax-related benefits. For instanc… [+5665 chars]

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