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THE IRS WITH AN EYES IN THE PUERTO RICO ACT 22 RESIDENTS
Bloomberg Tax - June 2, 2022
The country’s tax collector quietly launched a coordinated campaign in late January to examine individuals who took advantage, starting in 2012, of tax incentives designed to lure high net-worth individuals and corporations to Puerto Rico. More than 4,000 mainland U.S. residents and firms have moved to the territory between 2012 and 2019, revealing potentially hundreds of millions of dollars in lost tax revenue to the U.S. government, according to an IRS report delivered to Congress. Read the article in https://news.bloombergtax.com/daily-tax-report-state/irs-seizes-foothold-on-puerto-rico-tax-haven-audits |
