10 de septiembre de 2024

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Puerto Rico would forgo more than $3.8 billion in revenue if the Global Minimum Tax on foreign entities is not implemented

The organization Espacios Abiertos (EA) has called on Governor Pedro Pierluisi to convene a special session and advance legislation to address the 15% global tax on foreign entities

August 7, 2024 - 5:52 PM

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Economist Daniel Santamaría Ots, principal analyst at Espacios Abiertos, shared estimates of the impact of not implementing the Global Minimum Tax. (Suministrada)

By Efraín Montalbán Ríos

Periodista de Negociosefrain.montalban@gfrmedia.com

San Juan - The Puerto Rico government has a little less than five months to pass legislation that would allow the 15% Global Minimum Tax (GMT) to foreign entities operating on the island, or else the treasury would miss the opportunity to receive over $3,843 billion, according to a study conducted by the organization Espacios Abiertos.