U.S. House Passes Bill Calling for Referendum on Puerto Rico’s Political Status

The U.S. House of Representatives on Thursday passed a bill allowing a referendum in Puerto Rico to decide the future of the territory. 

The referendum would allow Puerto Rican voters to choose between three options: becoming an independent nation, becoming a state, or becoming a sovereignty with a formal U.S. association. The options do not include Puerto Rico’s current status as a territory. 

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Puerto Rico: Tax Haven for the Super-Rich

Puerto Rico has become a popular tax haven for super rich Americans who take advantage of local laws, which allow them to avoid paying U.S. federal income taxes.

Over the last decade, thousands of wealthy Americans have built homes, started businesses and spent a significant amount of time in Puerto Rico, all in order to take advantage of the island’s tax code that exempts them from U.S. taxes. While just a few thousand have taken advantage of the law, the U.S. federal government has potentially lost out on hundreds of millions of dollars in tax revenue, according to the Internal Revenue Service (IRS).

“It’s being done, in a sense, in plain sight,” Peter Palsen, an international tax expert at the Washington D.C-area law firm Frost Law, told The Daily Caller News Foundation. “The IRS has the knowledge of who’s doing it.”

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Puerto Ricans Demand Answers Over Primary Ballot Shortage and Election Delay

The future of Puerto Rico’s botched primaries rested in the hands of the island’s Supreme Court as answers trickled out Monday on why voting centers lacked ballots and forced officials to reschedule part of the primaries in a blow to the U.S. territory’s democracy.

A plan to hold another primary on Aug. 16 for centers that could not open on Sunday could change depending on the ruling of a lawsuit filed by Pedro Pierluisi, who is running against Gov. Wanda Vázquez to become the potential nominee of the pro-statehood New Progressive Party. Joining the lawsuit was Puerto Rico Sen. Eduardo Bhatia, of the main opposition Popular Democratic Party.

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President Trump an ‘Absolute No’ on Puerto Rico Statehood Until ‘Good Leadership’ is In Place

Puerto Rico

President Donald Trump on Monday declared himself an “absolute no” on statehood for Puerto Rico as long as critics such as San Juan’s mayor remain in office, the latest broadside in his feud with members of the U.S. territory’s leadership. Trump lobbed fresh broadsides at San Juan Mayor Carmen Yulín…

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How Restrictive Labor Laws Keep Puerto Rico’s Economy Down

Puerto Rico

by Rachel Greszler   An economic crisis has engulfed Puerto Rico. The Financial Oversight Management Board, a federally-mandated advisory group, has worked to help Puerto Rico deal with its financial crisis and establish policies that will lead to long-run growth. The board says Puerto Rico must reform its labor market to…

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