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Thursday, December 21, 2017

Puerto Rico News Digest for December 21, 2017

WHITE HOUSE SAYS TAX BILL WON'T HURT PR


















From Caribbean Business:

"Sweeping tax code changes aimed at keeping U.S. companies from shifting profits offshore to avoid taxes will not affect the battered economy of Puerto Rico, a senior White House official said on Wednesday. Puerto Rico Governor Ricardo Rosselló has said the provisions in a new tax bill passed by Congress could prompt drug and medical device manufacturers to leave the island territory, which is considered a foreign jurisdiction for tax purposes..."


GOVERNOR RETURNS TO CONGRESS FOR TALKS

From El Nuevo Dia:

"Governor Ricardo Rosselló will begin negotiations in Washington today in a second attempt seeking to insert Puerto Rico into the recently approved tax reform..."


FEMA: MORE THAN $870 MILLION GIVEN TO STORM SURVIVORS

From News Is My Business:

"More than $870 million in federal funds has been provided to Puerto Rico survivors of Hurricanes Irma and María, the Federal Emergency Management Agency said. This includes money paid out in FEMA grants, U.S. Small Business Administration low-interest loans and National  Flood Insurance Policy claims..."


STRANDED ANIMALS RESCUED FROM PUERTO RICO

From Patch.com

"It was a happy day in Westhampton Sunday as 130 animals landed safely after being rescued from Puerto Rico. The rescue mission was conducted by the Animal Rescue Fund of the Hamptons. "This is our biggest rescue to date," ARF representatives said..."


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