Friday, September 25, 2020

All posts by Eva Lloréns Vélez

  • House Passes Traffic Fine Amnesty

    SAN JUAN – The House passed a bill Monday that would establish an amnesty for traffic fines of up to 60%, including interest and penalties, if drivers pay for the entire amount owed in driving violations. House...

    • Posted February 8, 2016
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  • House to Vote on Traffic Fine Payment Incentives

    SAN JUAN – The House of Representatives will vote during Monday’s session for House Bill 2748 that would create an incentive for people to pay their traffic fines under the “Vehicle and Traffic Law of Puerto Rico.”...

    • Posted February 8, 2016
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  • Conflicting Bankruptcy Perspectives Discussed At D.C. Debt Forum

    SAN JUAN — Puerto Rico needs a restructuring plan for “all of its debt” through a special legislative act tailored to territories along with a federal control board that does not intervene with the island’s autonomy, to...

    • Posted February 5, 2016
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  • Zaragoza Accepts Blame For Delay In Audit Of Government Finances

    SAN JUAN — Treasury Secretary Juan Zaragoza admitted Thursday that the reason the accounting firm KPMG has not finished an audit into the government’s finances for 2014 is because the government has failed to give the company all the necessary documents...

    • Posted February 5, 2016
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  • Wal-Mart Civil Trial Challenging Transfer-Pricing Tax Gets Underway

    Wal-Mart Civil Trial Challenging Transfer-Pricing Tax Gets Underway The civil trial in the lawsuit that Wal-Mart Puerto Rico filed against the commonwealth government over the hike in the transfer-pricing tax got underway this week at the federal...

    • Posted February 5, 2016
  • Treasury Secretary Admits Walmart was Only that could Pay High Bracket on AMT

    SAN JUAN – Federal Judge José A. Fusté denied Thursday a government request to throw out a case filed by Walmart Puerto Rico challenging the constitutionality of a tax on goods imported on corporate affiliates the retailer says will eat...

    • Posted February 4, 2016
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  • CRIM Stuck in a Twilight Zone

    Property Tax System Dates Back to 1957 CRIM More Aggressive in Tax Collections as Mayors Call for Changes to Property Tax Formula A change in how the Municipal Revenue Collections Center (CRIM by its Spanish acronym), the...

    • Posted February 4, 2016
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  • KPMG says Government not Cooperating with Audit

    SAN JUAN – A top executive of KPMG, which is auditing the Puerto Rico government’s finances, testified in the Walmart case in federal court that the government did not provide the necessary “going concern memorandum” required for...

    • Posted February 3, 2016
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  • Lawmakers Call it the ‘Walmart Tax,’ Retailer VP says in Court

    SAN JUAN – Lawmakers who worked last year to raise the tax that certain companies pay on goods imported from offshore affiliates called it the “Walmart tax,” more than once, an executive from the retail giant testified...

    • Posted February 3, 2016
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  • Although in Court against Puerto Rico over New Tax, Walmart Still Expects Growth Locally

    SAN JUAN – Although Walmart Puerto Rico contends that a new tax it will have to pay on goods imported from its offshore affiliates, or transfer pricing, would eat away a large chunk of its net income,...

    • Posted February 2, 2016
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