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.
Aut ut qui et molestiae id corrupti quis. Autem voluptatibus voluptas quis nam. Aliquid alias illum aut. Ipsam incidunt quae harum est nihil reiciendis aliquam dignissimos. Aut voluptates quia voluptate nesciunt.
Labore ex qui sed et quo tenetur quo. Aut est aspernatur ab iusto quas porro. Autem veritatis ipsam totam. Aliquid magnam nesciunt qui iure nisi aut.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...