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Abstract Since 2016, the Commonwealth of Puerto Rico Has Experienced a Period of Political Challenges Along with a Severe Economic Austerity
Revista [IN]Genios, Vol. 7, Núm. 1, pp.1-16 (diciembre, 2020) ISSN#: 2374-2747 Universidad de Puerto Rico, Río Piedras © 2020, Copyright. Todos los derechos están reservados. ISLAND ARTSCAPE OF BANKRUPTCY: A NARRATIVE PHOTO-ESSAY OF SAN JUAN’S POLITICAL STREET ART OF RESISTANCE Medio: Fotografía Andrea D. Rivera Martínez Departamento de Psicología Facultad de Ciencias Sociales, UPR RP Recibido: 15/09/2020; Revisado: 16/11/2020; Aceptado: 29/11/2020 Abstract Since 2016, the Commonwealth of Puerto Rico has experienced a period of political challenges along with a severe economic austerity. Given the unpromising projections, voices of resistance, anger, frustration, uncertainty, and hope are becoming increasingly visible on the island’s cities’ walls and spaces. Thus, based on the current situation of fiscal crisis, this visual essay narrates and documents the continuum of interpretations and opinions regarding the Puerto Rico Oversight, Management, and Economic Stability Act (PROMESA) inscribed in the urban fabric over the past five years from now. Keywords: street art, bankruptcy, fiscal crisis, austerity, Puerto Rico Resumen Desde el 2016, el Estado Libre Asociado de Puerto Rico experimenta un período de desafíos políticos junto con una severa austeridad económica. Dadas las proyecciones, las voces de resistencia, ira, frustración, incertidumbre y esperanza son cada vez más visibles en las paredes y espacios de las ciudades de la isla. Por tanto, dada la situación actual de crisis fiscal, este ensayo visual narra y documenta el continuo de interpretaciones y opiniones sobre la Ley de Supervisión, Gestión y Estabilidad Económica de Puerto Rico (PROMESA) inscritas en el tejido urbano durante los últimos cinco años. -
An Overview of the Special Tax Rules Related to Puerto Rico and an Analysis of the Tax and Economic Policy Implications of Recent Legislative Options
AN OVERVIEW OF THE SPECIAL TAX RULES RELATED TO PUERTO RICO AND AN ANALYSIS OF THE TAX AND ECONOMIC POLICY IMPLICATIONS OF RECENT LEGISLATIVE OPTIONS ____________ Prepared by the Staff of the JOINT COMMITTEE ON TAXATION June 23, 2006 JCX-24-06 Contents Page INTRODUCTION .......................................................................................................................... 1 I. EXECUTIVE SUMMARY............................................................................................. 2 A. Introduction................................................................................................................ 2 B. Overview of the U.S. Tax and Non-Tax Rules Related to U.S. Possessions............. 2 C. Special Tax Rules Related to Puerto Rico ................................................................. 3 D. Statehood, Commonwealth, and Independence Status .............................................. 5 E. Economic Analysis.................................................................................................... 5 F. Legislative Options.................................................................................................... 6 II. PRESENT LAW TAX PROVISIONS RELATED TO PUERTO RICO AND OTHER U.S. POSSESSIONS ....................................................................................... 13 A. Overview of U.S. Tax Provisions Relating to Puerto Rico...................................... 13 1. In general.......................................................................................................... -
National Historic Landmark Nomination Old San Juan
NATIONAL HISTORIC LANDMARK NOMINATION NPS Form 10-900 USDI/NPS NRHP Registration Form (Rev. 8-86) OMB No. 1024-0018 OLD SAN JUAN HISTORIC DISTRICT/DISTRITO HISTÓRICO DEL VIEJO SAN JUAN Page 1 United States Department of the Interior, National Park Service National Register of Historic Places Registration Form 1. NAME OF PROPERTY Historic Name: Old San Juan Historic District/Distrito Histórico del Viejo San Juan Other Name/Site Number: Ciudad del Puerto Rico; San Juan de Puerto Rico; Viejo San Juan; Old San Juan; Ciudad Capital; Zona Histórica de San Juan; Casco Histórico de San Juan; Antiguo San Juan; San Juan Historic Zone 2. LOCATION Street & Number: Western corner of San Juan Islet. Roughly bounded by Not for publication: Calle de Norzagaray, Avenidas Muñoz Rivera and Ponce de León, Paseo de Covadonga and Calles J. A. Corretejer, Nilita Vientos Gastón, Recinto Sur, Calle de la Tanca and del Comercio. City/Town: San Juan Vicinity: State: Puerto Rico County: San Juan Code: 127 Zip Code: 00901 3. CLASSIFICATION Ownership of Property Category of Property Private: X Building(s): ___ Public-Local: X District: _X_ Public-State: X_ Site: ___ Public-Federal: _X_ Structure: ___ Object: ___ Number of Resources within Property Contributing Noncontributing 699 128 buildings 16 6 sites 39 0 structures 7 19 objects 798 119 Total Number of Contributing Resources Previously Listed in the National Register: 772 Name of Related Multiple Property Listing: NPS Form 10-900 USDI/NPS NRHP Registration Form ((Rev. 8-86) OMB No. 1024-0018 OLD SAN JUAN HISTORIC DISTRICT/DISTRITO HISTÓRICO DEL VIEJO SAN JUAN Page 2 United States Department of the Interior, National Park Service National Register of Historic Plaaces Registration Form 4. -
Special Source Rules Applicable to Certain Gains of Former United States Residents ° 1
Tax Special source rules Residents applicable to certain gains Taxpayers of former United States residents March 22, 2021 Note: All legal references are to applicable sections of the United States Internal Revenue Code of 1986 and the regulations issued thereunder, unless expressly stated otherwise. One of the appealing aspects of becoming a bona fide resident of Puerto Rico (“BFR-PR”) from a tax perspective lies in the United States federal tax treatment of certain items of income derived by Puerto Rico residents. This article focuses on the federal income tax implications of certain capital gains derived by a new BFR-PR that previously resided in the United States. As a general rule, capital gains on the sale or exchange of personal property by a BFR-PR are excluded from US income tax under §933 and §865(a). However, special rules apply to gains resulting from the sale of certain property owned by the individual before establishing Puerto Rico residency (“Previously Owned Property”) and sold within 10 years of the move. Any individual that falls within the scope of these rules should understand its tax impact and prepare to report gains derived from transactions of Previously Owned Property in the corresponding income tax return. This reading does not pretend to offer an extensive discussion of all questions that may arise in connection to Previously Owned Property and a new BFR-PR. Instead, our intention is to provide some basic guidance on the federal tax implications that the sale of Previously Caroline López, CPA, Esq. Owned Property may trigger to some BFR-PR and provide a general overview of the interplay Tax Manager of these rules with virtual currencies. -
Cover Image: Slum Settlement in Cluj-Napoca, Romania (Photo by Iosif Adam) Editorial Revolt, Chronic Disaster and Hope “This T
Cover image: Slum settlement in Cluj-Napoca, Romania (photo by Iosif Adam) Editorial Revolt, chronic disaster and hope “This too is a war about stories.” (Solnit, 2017) “...my aspirations lie where we ignite our desire to begin from and give birth to so many human and nonhuman lives, bound together by the most abject disinterest for power. Never am I more Caribbean, Antillean, Latin American, wherever we may be, than today. I live and die with wounds that will never finish closing. And I will always stand in the lines we make to care for us and, hopefully, to heal us.” (Llenín Figueroa 2019) “Note 11: The longer I’m over here, abroad, the more intrigued I am by the contrasts between my native land and the great metropolis. I don’t mean the obvious, like the monumental buildings, the immense population, and the ruckus on the street. Nor, of course, the cold that bites more and more each day. I mean the little things, like the promptness of the bus, the water pressure, and the absolute confidence one has in the fact that things work. What now? What do we do?” (Orraca-Brandenberger 2019) In early July 2019, a line of tolerability was irrevocably crossed when an 800+ page group chat that took place in the messaging application ‘Telegram’ was leaked, revealing damning exchanges between the sitting governor of Puerto Rico, Ricardo Rosselló, and his group of closest confidants. The insulting messages (now variously known as #telegramgate, Chatgate or RickyLeaks) shook this Caribbean ‘postcolonial colony’ (Ayala and Bernabe 2007; Flores 1993; Negrón-Muntaner and Grosfoguel 1997), surfacing at a time when multiple crises were converging in real time: a long- standing public debt and an undemocratically appointed financial authority board (‘La Junta’) continued to rule the island’s finances to the detriment of the masses; decades of neoliberal austerity policies were causing mass out-migration and poverty; and the havoc caused by Hurricane Maria was still unraveling. -
An Introduction to Puerto Rico
This page was intentionally left in blank. 2 Table of Contents Chapter 1: An Introduction to Puerto Rico .................................................... 8 1. Historical Overview .......................................................................................................... 8 2. Geography ....................................................................................................................... 8 3. Government Systems ...................................................................................................... 8 4. Demographics.................................................................................................................. 9 5. Language ......................................................................................................................... 9 6. Currency and Monetary Policy ...................................................................................... 10 7. Macroeconomic Overview and Key Indicators ............................................................ 10 A. Gross Domestic Product (GDP) ........................................................................... 10 B. Work Force ............................................................................................................ 11 C. External Trade ....................................................................................................... 11 D. Retail Sales.............................................................................................................11 E. Consumer Price Index -
Incentive Regulation Code English AK
GOVERNMENT OF PUERTO RICO DEPARTMENT OF ECONOMIC DEVELOPMENT AND COMMERCE SAN JUAN, PUERTO RICO INCENTIVE REGULATION MO-DEC-013 SEPTEMBER 2020 TABLE OF CONTENTS CONTENT PAGES PREAMBLE 5 SUBTITLE A. - GENERAL PROVISIONS 7 Ar6cle 1000.01-1. - Title 7 Ar6cle 1000.01-2. - Legal Basis 7 Ar6cle 1000.01-3. - Scope 7 Ar6cle 1000.01-4. - Purpose 7 Ar6cle 1000.01-5. - Terms Used 8 Ar6cle 1000.02-1. - Classifica6on 8 Ar6cle 1000.02-2. - Organiza6on 8 Ar6cle 1000.04(e)-1. - Most Favorable Terms and Condi6ons; Interrela6onship with other Laws 9 CHAPTER 1. - RESERVED 10 CHAPTER 2 - DEFINITIONS 10 SUBCHAPTER A. - GENERAL DEFINITIONS 10 SUBCHAPTER B. - DEFINITIONS APPLICABLE TO INDIVIDUALS 25 SUBCHAPTER C. - DEFINITIONS APPLICABLE TO EXPORTS OF GOODS AND SERVICES 27 SUBCHAPTER D. - DEFINITIONS APPLICABLE TO FINANCE, INVESTMENT AND INSURANCE 34 SUBCHAPTER E. - DEFINITIONS APPLICABLE TO VISITOR ECONOMY 35 SUBCHAPTER F. - DEFINITIONS APPLICABLE TO MANUFACTURING 54 SUBCHAPTER G. - DEFINITIONS APPLICABLE TO INFRASTRUCTURE AND GREEN OR HIGHLY EFFICIENT ENERGY 55 SUBCHAPTER H. - DEFINITIONS APPLICABLE TO AGRO-INDUSTRIES 56 SUBCHAPTER I. - DEFINITIONS APPLICABLE TO CREATIVE INDUSTRIES 59 SUBCHAPTER J. - DEFINITIONS APPLICABLE TO OTHER INDUSTRIES 63 SUBTITLE B. - ECONOMIC DEVELOPMENT INCENTIVES 65 CHAPTER 1. - INCENTIVES OF GENERAL APPLICATION 65 SUBCHAPTER A. - GENERAL RULE ` 65 SUBCHAPTER B. - SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) 66 SUBCHAPTER C. - VIEQUES AND CULEBRA 67 SUBCHAPTER D. - OTHER INCENTIVES 68 CHAPTER 2. - INDIVIDUALS 71 SUBCHAPTER A. - ELIGIBILITY 71 SUBCHAPTER B. - RESERVED 74 SUBCHAPTER C. - REGISTRATION FOR THE CONCESSION OF EXEMPTION 74 SUBCHAPTER D. - SPECIAL PROVISIONS 74 CHAPTER 3. - EXPORT OF GOODS AND SERVICES 75 SUBCHAPTER A. - ELIGIBILITY 75 SUBCHAPTER B. -
A Cruising Guide to Puerto Rico
A Cruising Guide to Puerto Rico Ed. 1.0 by Frank Virgintino Flag of Puerto Rico Copyright © 2012 by Frank Virgintino. All rights reserved. www.freecruisingguides.com A Cruising Guide to Puerto Rico, Ed. 1.0 www.freecruisingguides.com 2 Table of Contents ACKNOWLEDGEMENTS ............................................................. 10 1. PREFACE AND PORT REFERENCES ....................................... 12 SOUTH COAST ......................................................................... 13 EAST COAST ............................................................................ 14 Mainland ................................................................................ 14 Islands .................................................................................... 15 NORTH COAST ......................................................................... 15 WEST COAST ........................................................................... 16 2. INTRODUCING PUERTO RICO ................................................ 17 SAILING DIRECTIONS TO PUERTO RICO .............................. 17 From North: ............................................................................ 17 From South: ............................................................................ 21 From East: .............................................................................. 22 From West: ............................................................................. 22 PUERTO RICAN CULTURE ...................................................... 23 SERVICES -
A Case Study of Participatory Action Research in Puerto Rico Aurora Santiago Ortiz
OSSERVATORIO/OBSERVATORY Mapping Collaboration as Resistance to Neoliberalism: A Case Study of Participatory Action Research in Puerto Rico Aurora Santiago Ortiz Abstract La ricerca-azione partecipativa (RAP) è una metodologia di ricerca e una forma non gerarchica di produzione di conoscenza che riunisce partecipanti provenienti dal mondo accademico e dalla comunità locale in un partenariato di ricerca collaborativa che mira alla trasformazione sociale. In questo contributo discuto uno studio qualitativo della durata di un anno che ho condotto in un campus universitario pubblico a Cayey, Porto Rico, esaminando etnograficamente il rapporto di collaborazione tra le persone coinvolte in un processo di PAR. Il contesto della ricerca era un corso interdisciplinare che ho tenuto durante l’anno accademico 2019-2020. Nel contributo, discuto alcune delle sfide della PAR in un contesto istituzionale precario e metto in evidenza i modi in cui il gruppo di ricerca ha superato questi ostacoli. Di fronte a una recessione iniziata nel 2006 e all’imposizione di un Consiglio di Amministrazione e Controllo Fiscale da parte del Congresso degli Stati Uniti, l’esistenza dell’unica università pubblica di Porto Rico è minacciata da drastici tagli di bilancio. Sostengo l’importanza della collaborazione e della solidarietà nel contesto della realtà fiscale, sociale e politica di Porto Rico. Participatory action research (PAR) is both a research methodology and nonhierarchical form of knowledge production that brings together participants, from academia and outside communities, in a collaborative research partnership that seeks social transformation. Drawing on fieldwork spanning the 2019-2020, I present a case study of an interdisciplinary undergraduate research course I taught at a campus of Puerto Rico’s only public university. -
Puerto Rican Food Sovereignty As Embodied Decolonial Resistance
“DESDE ABAJO, COMO SEMILLA”: PUERTO RICAN FOOD SOVEREIGNTY AS EMBODIED DECOLONIAL RESISTANCE by MOMO WILMS-CROWE A THESIS Presented to the Department of Political Science and the Robert D. Clark Honors College in partial fulfillment of the requirements for the degree of Bachelor of Arts An Abstract of the Thesis of Momo Wilms-Crowe for the degree of Bachelor of Arts in the Department of Political Science to be taken June 2020 Title: “Desde Abajo, Como Semilla: Puerto Rican Food Sovereignty as Embodied Decolonial Resistance Approved: _______Dan Tichenor, Ph.D______________ Primary Thesis Advisor This thesis explores the power, possibility, and agency embedded in food in the contemporary Puerto Rican context. Building from participatory ethnographic fieldwork with activists, chefs, and farmers engaged in food sovereignty work, I examine the concepts of political agency and subjectivity as they relate to embodied experiences of politics and highlight the generative potential of work occurring in unconventional locations for political participation. This approach is made possible with the understanding that the food we consume directly connects our individual lived experiences to broader structures of power in intimate and material ways. Through food, I offer a grounded critique of US colonial violence, inherently linked to ecological destruction, cisheteropatriarchy, and disaster capitalism. I also document dynamics of radical prefigurative politics as visible in people’s generative reimagining of relationships with their bodies, each other, and the land. This analysis is supported theoretically by Indigenous, anarchist, and queer/feminist perspectives which similarly connect the personal to the political and offer examples of political action that extend beyond state-centric formal politics. -
U.S. Tax Imperialism
Seattle University School of Law Digital Commons Faculty Scholarship 2015 U.S. Tax Imperialism Diane Lourdes Dick Follow this and additional works at: https://digitalcommons.law.seattleu.edu/faculty Part of the Tax Law Commons Recommended Citation Diane Lourdes Dick, U.S. Tax Imperialism, 65 Am. U. L. Rev. 1 (2015). https://digitalcommons.law.seattleu.edu/faculty/729 This Article is brought to you for free and open access by Seattle University School of Law Digital Commons. It has been accepted for inclusion in Faculty Scholarship by an authorized administrator of Seattle University School of Law Digital Commons. For more information, please contact [email protected]. ARTICLES U.S. TAX IMPERIALISM IN PUERTO RICO DIANE LOURDES DICK* This Article uses historical and legal analysis to demonstrate how U.S. domination over Puerto Rico's tax and fiscal policies has been the centerpiece of a colonial system and an especially destructive form of economic imperialism. Specifically, this Article develops a novel theory of U.S. tax imperialism in Puerto Rico, chronicling the sundry ways in which the United States has used tax laws to exert economic dominance over its less developed island colony. During the colonial period, U.S. officials wrote and revised Puerto Rican tax laws to serve U.S. economic interests. In more recent years, U.S. tax laws have disadvantagedPuerto Ricans, who still lack voting rights and full democratic representation in Congress. A theory of tax imperialism may also have applicationfar beyond the U.S.-Puerto Rican experience. For instance, it may help us understand the relationships between the United States and its other possessions and territories throughout history, and between the United Kingdom and its British Crown dependencies, overseas territories, and newly-independent colonies. -
Puerto Rico: Continuing Socio-Economic Deterioration and the Need for Change
PUERTO RICO: CONTINUING SOCIO-ECONOMIC DETERIORATION AND THE NEED FOR CHANGE J. Tomas Hexner President of Hex, Inc. Founder and director, Science Initiative Group at the Institute for Advanced Study at Princeton, New Jersey Arthur MacEwan Professor Emeritus of Economics at the University of Massachusetts Boston Development Discussion Paper: 2017-12 ABSTRACT The long-run decline of the Puerto Rican economy, predating the recession of the last decade, is evident in the relative stagnation that emerged from 1980 onward. The roots of both the relative stagnation and the long recession lie in the political status of the island. The option of statehood, however, can be the foundation for a new era of economic expansion. The long-lasting economic problems of Puerto Rico are evidenced by several measures: the low rate of economic growth, the high unemployment rate and the low labor force participation rate, the falling investment rate, the high poverty level, the extreme degree of economic inequality, and the massive exodus to the states. And, of course, there is the very high—crisis level— amount of public debt. In addition and of central importance, the poor treatment of Puerto Rico relative to the states by the U.S. government has contributed to the economic situation on the island and demonstrates the role of status in bringing about economic weakness and decline. The popular belief that Puerto Rico receives ―generous‖ treatment from Washington is belied by the data. Moreover, while many observers viewed Puerto Rico as an economic success story during the late 1900s, this view erred in measuring success by the growth of GDP instead of GNP, the former including the profits of firms based off the island (mainly in the U.S.) and not providing a measure of economic conditions of Puerto Rican people of firms.