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Puerto Rico Act 22 Tax Incentive Fails

Puerto Rico Act 22 Tax Incentive Fails

The jobs and economic impact anticipated by the Puerto Rico government never materialized. From being an instrument to attract millionaires and foreign investment, Act 22 went on to become a haven for cryptocurrency fans, YouTube personalities and consultants. A company owned by Hamed R. Wardak was investigated by the U.S. Congress in 2010 for allegedly paying Taliban insurgents with money from a contract with the U.S. Department of Defense. The contractor denied the allegation made in an investigative report. In 2015, Wardak moved to Dorado and took advantage of Act 22. The incentive...

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Joel Cintrón Arbasetti

Joel Cintrón Arbasetti

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Luis J. Valentín Ortiz

Luis J. Valentín Ortiz

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Dalila M. Olmo López

Dalila M. Olmo López

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