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Diane Publishing Books
Puerto Rico: Fiscal Relations with the Federal Government and Economic Trends During the Phaseout of the Possessions Tax Credit
James R. White (au)
The fed. possessions tax credit, which was designed to encourage U.S. corp. investment in Puerto Rico & other insular areas, expires in 2006. Proponents of continued fed. economic assistance to Puerto Rico have presented a variety of proposals for congressional consideration. This report compares trends in Puerto Ricoís principal economic indicators with those for the U.S.; reports on changes in the activities & tax status of the corp. that have claimed the possessions tax credit; explains how fiscal relations between the fed. govít. & Puerto Rico differs from the fed. govíts. relations with the states & other insular areas; & compares the taxes paid to all levels of govít. by residents of Puerto Rico, the states, & other insular areas. Charts & tables.
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