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NAM, U.S. Chamber Oppose Puerto Rico's New 4% Tax on Foreign Corporations

The National Association of Manufacturers issued a statement and the U.S. Chamber of Commerce issued letters to the Governor of Puerto Rico and the Puerto Rico Chamber of Commerce against Puerto Rico's newly enacted 4% tax on foreign corporations. They…

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state that the new tax increase will profoundly affect the decision-making of foreign corporations as they consider whether to continue to do business and deploy their capital in Puerto Rico.