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Act 22 Of 2012
Act 22 of 2012 —also known as the Act to Promote the Relocation of Investors to Puerto Rico ( es, Ley para Incentivar el Traslado de Inversionistas a Puerto Rico)— is an act enacted by the 16th Legislative Assembly of Puerto Rico that exempts local taxes on certain passive income generated by individuals that reside in Puerto Rico. To ignite the interest of these new investors, Act 22 provides an exemption from Puerto Rico income taxes on certain types of passive income attained or accrued after the individual establishes residency. As of March 2013 only about a dozen individuals have taken advantage of the act, although many others have expressed their interest after the media reported that billionaire John Paulson was considering to relocate to Puerto Rico. The report was later denied by Paulson but media coverage increased inquiries to local accountancy firms by 400% after the story broke. Act 22 is one of a set of economic incentives that the Government of Puerto Rico ha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Act (document)
An act is an instrument that records a fact or something that has been said, done, or agreed. Acts generally take the form of legal instruments of writing that have probative value and executory force. They are usually accepted as self-authenticating demonstrative evidence in court proceedings, though with the precarious status of notaries public and their acts under common law, this is not always so. Common types of acts are legislative, judicial, and notarial acts. Legislative acts Legislative acts (fully, acts of statute), or more commonly statutes, are the cornerstone of statutory and regulatory law. They may include in a monarchical system any royal edict, proclamation, or decree setting forth or establishing law as it affects all citizens. In parliamentary or congressional systems, acts passed by a legislature are known as acts of Parliament or acts of Congress. In Hong Kong, acts of the legislature are instead known as "ordinances". Notarial acts A notarial act (or ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forced Displacement
Forced displacement (also forced migration) is an involuntary or coerced movement of a person or people away from their home or home region. The United Nations High Commissioner for Refugees, UNHCR defines 'forced displacement' as follows: displaced "as a result of persecution, conflict, generalized violence or human rights violations". A forcibly displaced person may also be referred to as a "forced migrant", a "displaced person" (DP), or, if displaced within the home country, an "internally displaced person" (IDP). While some displaced persons may be considered as refugees, the latter term specifically refers to such displaced persons who are receiving legally-defined protection and are recognized as such by their country of residence and/or international organizations. Forced displacement has gained attention in international discussions and policy making since the European migrant crisis. This has since resulted in a greater consideration of the impacts of forced migratio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Secretary Of Economic Development And Commerce Of Puerto Rico
The Secretary of Economic Development and Commerce of Puerto Rico heads the Puerto Rico Department of Economic Development and Commerce and is the chief economist of the government of Puerto Rico. The Secretary is responsible for the economic development of Puerto Rico and all its commerce Commerce is the large-scale organized system of activities, functions, procedures and institutions directly and indirectly related to the exchange (buying and selling) of goods and services among two or more parties within local, regional, natio ... related matters. References External links ddec.pr.gov - Official site of the Department of Economic Development and Commerce {{Cabinet of Puerto Rico Council of Secretaries of Puerto Rico * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Alberto Bacó Bagué
Alberto Bacó Bagué is a lawyer, a certified public accountant (CPA), and a legal and commercial advisor that served as Director of the Puerto Rico Economic Development Bank from 1990 to 1993. Previous to that Bacó served as Executive Vice President of the Puerto Rico Government Development Bank from 1989 to 1990. He also served as General Counsel at the Office of the Commissioner of Financial Institutions from 1986 to 1989, and was a member of the Board of Trustees of the University of Puerto Rico from 2004 to 2006. In his private life Bacó served as president and chief executive officer (CEO) of Marvel International and Bohío International from 2005 to 2011. Graduated magna cum laude with a bachelor's degree in business administration from the University of Puerto Rico in 1979, and a Juris Doctor in 1984. Bacó was appointed as the Secretary of Economic Development and Commerce of Puerto Rico —head of the Department of Economic Development and Commerce— after A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
José Pérez Riera
José Ramón Pérez Riera was the former Secretary of Economic Development and Commerce of Puerto Rico. He served as Chairman of the Board of several public corporations and was named to the Intergovernmental Policy Advisory Committee on Trade, which advises and makes recommendations to the U.S. Trade Representative. Has a Bachelor of Arts from Georgetown University and a Doctor in Law from the Georgetown University Law Center The Georgetown University Law Center (Georgetown Law) is the law school of Georgetown University, a private research university in Washington, D.C. It was established in 1870 and is the largest law school in the United States by enrollment and .... Notes References Georgetown University Law Center alumni Members of the 15th Cabinet of Puerto Rico Secretaries of Economic Development and Commerce of Puerto Rico {{PuertoRico-politician-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caribbean Business
Latin Media House, LLC acquired the assets of Casiano Communications Inc. (CCI) effective November 2, 2015 from Chapter 11 at the US Bankruptcy Court. The original company was founded in 1973, by Manuel A. Casiano, who died on May 19, 2017, at the age of 86. Casiano Communications started out publishing a business and financial newsletter on Puerto Rico which evolved over 45 years into the largest English speaking weekly paper ''Caribbean Business''. Latin Media House continues to publish and expand the existing publications like ''Caribbean Business'', Imagen, Buena Vida or Book of Lists. The group is lead since its inception by chief executive officer and Editor in Chief Heiko Faass and employs approximately 200 persons. History Recognizing the unfilled niche that an area business publication would fill, Mr. Casiano launched the newsletter that would later evolve into what is now ''Caribbean Business'' newspaper. For forty-three years, it had been the recognized Business Author ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Senate Finance Committee
The United States Senate Committee on Finance (or, less formally, Senate Finance Committee) is a standing committee of the United States Senate. The Committee concerns itself with matters relating to taxation and other revenue measures generally, and those relating to the insular possessions; bonded debt of the United States; customs, collection districts, and ports of entry and delivery; deposit of public moneys; general revenue sharing; health programs under the Social Security Act (notably Medicare and Medicaid) and health programs financed by a specific tax or trust fund; national social security; reciprocal trade agreements; tariff and import quotas, and related matters thereto; and the transportation of dutiable goods. It is considered to be one of the most powerful committees in Congress. History The Committee on Finance is one of the original committees established in the Senate. First created on December 11, 1815, as a select committee and known as the Committee on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Max Baucus
Maxwell Sieben Baucus ( Enke; born December 11, 1941) is an American politician who served as a United States senator from Montana from 1978 to 2014. A member of the Democratic Party, he was a U.S. senator for over 35 years, making him the longest-serving U.S. senator in Montana history. President Barack Obama appointed Baucus to replace Gary Locke as the 11th U.S. Ambassador to the People's Republic of China, a position he held from 2014 until 2017. As the Chairman of the Senate Committee on Finance, Baucus played an influential role in the debate over health care reform in the United States.Baucus Watch: A key senator on health reform holds a listening session Columbia Journalism Review He was also chairman of the |
Chuck Grassley
Charles Ernest Grassley (born September 17, 1933) is an American politician serving as the president pro tempore emeritus of the United States Senate, and the Seniority in the United States Senate, senior United States Senate, United States senator from Iowa, having held the seat since 1981. In 2022 United States Senate election in Iowa, 2022, he was reelected to his eighth Senate term, having first been elected in 1980 United States Senate election in Iowa, 1980. A member of the Republican Party (United States), Republican Party, Grassley served eight terms in the Iowa House of Representatives (1959–1975) and three terms in the United States House of Representatives (1975–1981). He has served three stints as United States Senate Committee on Finance, Senate Finance Committee chairman during periods of Republican Senate majority. When Orrin Hatch's Senate term ended on January 3, 2019 following his retirement, Grassley became the most senior Republican in the Senate and its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tax Haven
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner ( non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat percentage rate of taxation on personal annual income, but mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States House Committee On Ways And Means
The Committee on Ways and Means is the chief tax-writing committee of the United States House of Representatives. The committee has jurisdiction over all taxation, tariffs, and other revenue-raising measures, as well as a number of other programs including Social Security, unemployment benefits, Medicare, the enforcement of child support laws, Temporary Assistance for Needy Families, foster care, and adoption programs. Members of the Ways and Means Committee are not allowed to serve on any other House Committee unless they are granted a waiver from their party's congressional leadership. It has long been regarded as the most prestigious committee of the House of Representatives. The United States Constitution requires that all bills regarding taxation must originate in the U.S. House of Representatives, and House rules dictate that all bills regarding taxation must pass through Ways and Means. This system imparts upon the committee and its members a significant degree of influe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Democratic Party (United States)
The Democratic Party is one of the two major contemporary political parties in the United States. Founded in 1828, it was predominantly built by Martin Van Buren, who assembled a wide cadre of politicians in every state behind war hero Andrew Jackson, making it the world's oldest active political party.M. Philip Lucas, "Martin Van Buren as Party Leader and at Andrew Jackson's Right Hand." in ''A Companion to the Antebellum Presidents 1837–1861'' (2014): 107–129."The Democratic Party, founded in 1828, is the world's oldest political party" states Its main political rival has been the Republican Party since the 1850s. The party is a big tent, and though it is often described as liberal, it is less ideologically uniform than the Republican Party (with major individuals within it frequently holding widely different political views) due to the broader list of unique voting blocs that compose it. The historical predecessor of the Democratic Party is considered to be th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
