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IRS To Ultra Rich Looking To Dodge Taxes In Puerto Rico: ‘We’re Waiting For You’

June 7th, 2021
Categories: News

Link: https://truepundit.com/irs-to-ultra-rich-looking-to-dodge-taxes-in-puerto-rico-were-waiting-for-you/

Hedge fund managers descending on Puerto Rico in hopes of dodging tax hikes take advantage of tax incentives rolled out in 2012 which lured high net-worth individuals, corporations and cryptocurrency traders. .If you’re falsely claiming to be a resident of Puerto Rico, IRS has a message, ‘We’re waiting for you...4,000 U.S. residents and firms moved to the territory between 2012 and 2019, hundreds of millions of dollars in lost tax revenue to the U.S. government...…’

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