http://dealbook.nytimes.com/2013/03/25/puerto-ric…
This isn't exactly new news but I'm curious to know if anyone thinks this will take off in the coming years/decades. 183 days per year in Puerto Rico earns you an effective tax rate of ~0%. You can still live in NYC half the year and if there's a need to be in the NYC office, you're only a ~4 hr flight away. I'm surprised more Wall Street types aren't jumping all over this (although Paulson was rumored to be contemplating the jump). That being said, we are only 3 years into this program. What are the odds of Puerto Rico becoming the next Switzerland or Singapore in the decades to come?
I certainly know I wouldn't mind getting away from New York winters and outrageous taxes.
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