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prima:The DDEC urges the approval of legislation on the Global Minimum Tax in Puerto Rico

Manuel Cidre, secretary of the agency, responded to the call made by Medtronic’s CEO to the government about the importance of implementing the global 15% tax rate

September 4, 2024 - 2:04 PM

The Secretary of the Department of Economic Development and Commerce (DDEC), Manuel Cidre, with the Governor of Puerto Rico, Pedro Pierluisi. (Suministrada)

The Secretary of the Department of Economic Development and Commerce (DDEC), Manuel Cidre, said it is “essential” that Puerto Rico approve, through legislation, the implementation of the 15% Global Minimum Tax (GMT) on controlled foreign companies (CFCs) operating on the island.

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