Brave Reform: Embrace Capital and Eliminate Burdens that Stifle Puerto Rico

El Vocero de Puerto Rico

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Puerto Rico faces a historic opportunity to fundamentally redefine its economic and fiscal structure. The old schemes based on punitive taxes on income and production have become a heavy burden that, far from driving development, stifles creativity, limits investment, and condemns many to operating in the informal sector.

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Crediticorp questions the Sunat: “Arbitraryly changing the rules of the game”The official projections of Peru -of April- show that its economy would grow 3.5% this year. However, weeks ago, the Prime Minister, Eduardo Arana, even had an expectation of 4% for this year. This optimism of the Peruvian government does not seem to be shared by analysts. In this case, Daniel Velandia, chief economist of Credicorp Capital, pointed out that the entity k…