CovOps
Location : Ether-Sphere Job/hobbies : Irrationality Exterminator Humor : Über Serious
| Subject: Excellent: Wall Street billionaire John Paulson says he'll move to Puerto Rico to avoid taxes Wed Nov 07, 2018 7:53 pm | |
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- In 2012 Puerto Rico passed the Act to Promote the Relocation of Investors to Puerto Rico, aka Act 22, to re-brand island as 'global investment destination'
- In the act new residents to the island are exempt from the federal income tax and taxes on passive income
- Speaking at a conference in Manhattan, Paulson said: 'It's the only place a U.S. Citizen can go and literally avoid, legally, all their taxes'
https://www.dailymail.co.uk/news/article-6363371/Wall-Street-billionaire-Puerto-Rico-avoid-taxes.html
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