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Puerto Rico Industrial Incentives Fund

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This is an old revision of this page, as edited by Skier Dude (talk | contribs) at 23:56, 18 November 2007 (sub-categorization/clean-up using AWB). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

A controversial $160 million investment fund created by the Pedro Rossello asdministration to promote economic development. The PRIIF was funded by U.S. companies operating under Section 936 of the federal tax code in exchange for the foreginess of 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://blueribbonpr.org/

- 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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