Puerto Rico Industrial Incentives Fund: Difference between revisions
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A controversial $160 million investment fund created by the [[Pedro Rossello]] administration to promote economic development. The PRIIF was funded by U.S. companies operating under Section 936 of the federal tax code in exchange for not paying approximately $960 million in tollgate tax obligations to Puerto Rico. |
A controversial $160 million investment fund created by the [[Pedro Rossello]] administration to promote economic development. The PRIIF was funded by U.S. companies operating under Section 936 of the federal tax code in exchange for not paying approximately $960 million in tollgate tax obligations to Puerto Rico. |
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[[Xavier Romeu]] was the President of the PRIIF from April 1999 to December 2000 and held two of three seats on the Fund's Board of Directors. |
[[Xavier Romeu]] was the President of the PRIIF from April 1999 to December 2000 and held two of three seats on the Fund's Board of Directors. |
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==Sources== |
==Sources== |
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{{Portal box|Puerto Rico}} |
{{Portal box|Puerto Rico}} |
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Revision as of 09:40, 26 November 2010
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A controversial $160 million investment fund created by the Pedro Rossello administration to promote economic development. The PRIIF was funded by U.S. companies operating under Section 936 of the federal tax code in exchange for not paying approximately $960 million in tollgate tax obligations to Puerto Rico.
Xavier Romeu was the President of the PRIIF from April 1999 to December 2000 and held two of three seats on the Fund's Board of Directors.
Sources
- http://www.puertorico-herald.org/issues/2003/vol7n31/Media2-en.html
- http://www.puertorico-herald.org/issues/2004/vol8n40/Media1-en.html
- http://www.puertorico-herald.org/issues/2003/vol7n31/Media2-en.html
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