Puerto Rico Tax Incentives Under Siege

Chapters:
00:00 - Intro
2:00 - Act 60
5:15 - Significance of Act 60 on Puerto Rican Economy
11:30 - Act 60 from a Political Standpoint
13:45 - Is Act 60 a Tax Loophole?
17:33 - Puerto Rican Statehood
20:12 - DDEC
How much can tax incentives like Puerto Rico’s Act 60 affect an economy?
In this episode of Taking Shelter, Peter Palsen examines the effect of Act 60 and its predecessors on Puerto Rico and business owners who would like to take advantage of the tax laws.
Instead of considering these Puerto Rico tax benefits as loopholes, Peter and Jeanelle Alemar-Escabí discuss the importance of these incentives, how they have transformed over the years, and the IRS scrutiny they are facing now.
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Resources:
More about Act 60, Act 20, and Act 22 - askfrost.com/news/puerto-rico...
Puerto Rico Update - • IRS Campaigns: Puerto ...
Jeanelle Alemar-Escabí’s website: jae-law.com/
About Frost Law:
Frost Law is comprised of skilled tax attorneys, business attorneys, litigation attorneys, estates attorneys, Certified Public Accountants, Certified Financial Planners, and other tax professionals. We have been serving clients across the country and abroad.
We have office locations on the East Coast in Maryland, Virginia, Washington, D.C., Pennsylvania, Florida and serve clients internationally.
DISCLAIMER: This video is not legal, tax, or financial advice. Talk with a professional about your situation before making any legal or financial decisions.
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