All posts tagged "Walmart"

• 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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• 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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• 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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• Walmart Puerto Rico Trial Slated to Start Tuesday

  SAN JUAN – The civil trial in the lawsuit that Walmart Puerto Rico filed against the government over the hike in the tangible property tax is slated to begin Tuesday. During a pre-trial conference Monday held by...

  • Posted February 1, 2016
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• Walmart Litigation may Affect Puerto Rico Revenue Projections Negatively

  SAN JUAN – Revenue projections for Puerto Rico could be significantly affected by the transfer-pricing tax legal challenge filed by Walmart.   Puerto Rico officials warned about the negative impact of the litigation as it updated projections...

  • Posted January 19, 2016
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  About 400 Employees Affected Locally Following Walmart Stores Closures

  SAN JUAN — Roughly 400 employees will be affected locally by Walmart’s corporate plans to shut down 269 stores worldwide, the majority of which are located in the U.S., the company announced Friday. Seven stores in Puerto...

  • Posted January 15, 2016
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  US Treasury Secretary Demands Action on Puerto Rico’s Crisis

  SAN JUAN – U.S. Treasury Secretary Jacob Lew urged the U.S. Congress on Friday to pass legislation by March to help ease Puerto Rico’s economic crisis before it’s too late. Lew made the request in a letter...

  • Posted January 15, 2016