In Puerto Rico, tax breaks enacted in 2012 aimed to juice the economy by encouraging mainland U.S. citizens to do business and live on the island, where they could apply to pay nothing in capital gains taxes. But the tech — and primarily crypto — entrepreneurs who showed up in droves to shield their wealth […]
USA Olympic basketball scenarios: How Puerto Rico game impacts quarterfinal matchups, path to gold medal
The United States men’s national basketball team wasted no time as it took care of business to start the 2024 Paris Olympics. After pulling away for a 26-point win over Serbia in the group play opener, Team USA clinched a spot in the quarterfinals with a 17-point win over South Sudan. With a quarterfinal spot […]
Is Subriel Matias the best super lightweight in the world? Puerto Rican knockout artist is boxing danger man ahead of Paro fight
Puerto Rican knockout artist Subriel Matias makes the second defense of his IBF super lightweight title when he takes on unbeaten Australian Liam Paro in a homecoming card at the Coliseo Juan Aubin Cruz Abreu in Manati on June 15. The 12-round bout, plus undercard action, will be streamed live by DAZN. WATCH: Subriel Matias vs. […]
Puerto Rican Treasury Department Aims to Tax NFT Sales
The Treasury Department of Puerto Rico has published a working document that amends the current “Sales and Usage Tax” to include NFT sales. While this proposal has yet to be approved, experts believe the inclusion of NFTs in this reform brings validation to the asset class, but also that the application of this regulation presents […]