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Jonathan Strong The Daily Caller 4/4/2011 The Obama administration says it can’t decide whether U.S. taxpayers should be on the hook for $6 billion in tax increases levied by Puerto Rico, but businesses are eligible for the disputed tax credits in the meantime. And, if the IRS eventually decides the credits were improper, those firms […] April 4th, 2011 | Tags: bailout, Excise tax, Gov. Luis Fortuño, Pharmaceutical industry, Puerto Rico, tax credits | Category: Barack Obama, IRS, Taxes | Comments are closed
Jonathan Strong The Daily Caller 1/11/2011 The Obama administration is eying a secretive tax deal critics charge is an indirect bailout for Puerto Rico to the tune of billions of taxpayer dollars. The U.S. territory, desperate for revenues in the midst of the recession, surprised industry with a $6 billion tax on foreign firms – […] January 13th, 2011 | Tags: bailout, double taxation, Gov. Luis Fortuño, international tax law, Pharmaceutical industry, Puerto Rico | Category: "Stimulus" program, Barack Obama, Economy, federal funding, IRS, Taxes, Treasury Department | Comments are closed
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