29 de junio de 2024

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Senate halts measure that sought to protect jobs in the industrial sector

The Upper Chamber did not pass the bill establishing a Global Minimum Tax in Puerto Rico, despite the fact that the Committee on Legal and Economic Development recommended its approval with amendments

June 26, 2024 - 12:44 PM

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PC 1908 was intended to establish alternative tax incentives to mitigate the impact on foreign companies of the increase in the tax on their income, from 4% to 15%, according to a multinational agreement to eliminate international tax competition. (Ramn "Tonito" Zayas)

By Efraín Montalbán Ríos

Periodista de Negociosefrain.montalban@gfrmedia.com

The Senate on Tuesday hung -by voice vote- the measure that, among other things, would implement a 15% Global Minimum Tax (GMT) in Puerto Rico for the industrial sector, while granting a series of tax credits to compensate this sector.