The new U.S. tax law will put an end to Puerto Rico’s longtime status as a tax shelter for U.S. multinational companies. Companies will now have to pay 12.5 percent on what they make on the island. One-third of Puerto Rico’s tax base now comes from medical manufacturers. If they flee, it would mean more […]
Not all of Apple's untaxable billions are overseas. Some are held right here in the U.S., protected because the accounts are foreign owned. Welcome to the tax-shelter island otherwise known as Manhattan.