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Trial lawyers haul their mass tort winnings to tax-haven Puerto Rico
legalnewsline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from legalnewsline.com Daily Mail and Mail on Sunday newspapers.
Puerto Rico - Island of Enchantment - beckons San Antonio lawyers Mikal Watts, Thomas J Henry
expressnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from expressnews.com Daily Mail and Mail on Sunday newspapers.
Puerto Rico - Island of Enchantment - beckons San Antonio lawyers Thomas J Henry, Mikal Watts
expressnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from expressnews.com Daily Mail and Mail on Sunday newspapers.
Puerto Rico Too Good to Be True?
That s the question of the day. And the answer is it depends .
If you are willing to live in Puerto Rico and can do business there, then the short answer is yes, go for it.
If you think you can escape capital gains taxes just by moving, the answer is a lot more complex.
Slash Your Taxes To Zero? Not Exactly
Puerto Rico hopes to lure American mainlanders with an income tax of only 4%. Legally avoiding the 37% federal rate and the 13.3% California (or other state) rate sounds pretty good. What’s more, there is no tax on dividends, and no capital gain tax in Puerto Rico.