Tax Policy: Analysis of Certain Potential Effects of Extending Federal Income Taxation to Puerto Rico

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Our Price: $25.00

Year: 1996
Pages: 58
Binding Paperback

Product Code: 078813597X

Description

. Section 933 of the U.S. Internal Revenue Code (IRC) provides that income derived from sources within Puerto Rico by an individual who is a resident of Puerto Rico generally will be excluded from gross income & exempt from U.S. taxation, even if such resident is a U.S. citizen. It does not exempt residents of Puerto Rico from paying federal income taxes on U.S. source income & foreign source income. This report presents information on potential consequences of extending the income tax provisions of the federal IRC to residents of Puerto Rico.

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