Puerto Rico: We’re Watching this Offshore Tax Haven

“Although residents must still file a federal tax return, they are exempt from paying U.S. income taxes.  Residents also avoid a 15% capital gains tax on assets held before moving there, and sold after 10 years of residence on the island.  Former governor Luis Fortuno, who narrowly lost the re-election at the end of 2012, is responsible for the attractive tax incentives on the island. He not only slashed property taxes to zero for new homeowners for the first five years, but he also included a 100% tax exemption on all supplemental, passive income. Moreover, international financial institutions that move to Puerto Rico are eligible for full property-tax exemption.”

http://sovereign-investor.com/2013/05/02/were-watching-this-offshore-tax-haven/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin