World Economy
0

Puerto Rico Raids Tax Dodgers

Puerto Rico Raids Tax DodgersPuerto Rico Raids Tax Dodgers

Puerto Rico’s government says it has raided three more businesses with a combined tax debt of over $500,000, the latest of 132 firms collectively owing $48.9 million that are being targeted in a campaign started last year, AP reported. Treasury Secretary Juan Zaragoza said it is unfair for businesses to collect taxes from people struggling with tax and utility rate hikes and fail to deliver the money to the government. The US territory’s government is grappling with a fiscal crisis that has made it miss multimillion-dollar bond payments three months in a row.

 

Financialtribune.com