Tax Rules Relating to Puerto Rico Under Present Law and Under Statehood, Independence, and Enhanced Commonwealth Status (S. 712, Puerto Rico Status ... Committee on Finance on November 14-15, 1989 - Softcover

U. S. Joint Committee On Taxation

 
9781333878542: Tax Rules Relating to Puerto Rico Under Present Law and Under Statehood, Independence, and Enhanced Commonwealth Status (S. 712, Puerto Rico Status ... Committee on Finance on November 14-15, 1989

Synopsis

This book provides a comprehensive look at the tax laws relevant to Puerto Rico under present law and under statehood, independence, or an enhanced commonwealth status. The book begins with a detailed overview of the United States tax rules as they apply to individuals, corporations, and Puerto Rico obligations, encompassing topics such as deductions and credits, estate and gift tax, and the taxation of foreign source income. The author then delves into the tax rules of Puerto Rico, including income tax, estate and gift tax, and corporate and partnership taxation. The book also provides a detailed analysis of the impact of statehood, independence, and an enhanced commonwealth status on Puerto Rico's tax laws, with a particular focus on the U.S. Internal Revenue Code Section 936, excise taxes, and tax treaties. This book is a valuable resource for tax professionals, policymakers, and anyone interested in gaining a deeper understanding of the complex tax issues surrounding Puerto Rico's political status.

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