caribbeanbusinesspr.com THURSDAY, NOVEMBER 4, 2010 WEEKLY $2.00 ©2010 CASIANO COMMUNICATIONS INC. OOffshoreffshore ffirmsirms ssubjectubject ttoo ppermanentermanent ttaxationaxation uundernder nnewew ‘‘SourceSource RRule’ule’ A multinational fi ght expected over Puerto Rico’s precedent-setting new tax By John Marino Luis Fortuño pages 20-27 Governor of Puerto Rico TOP STORY INSIDE SPECIAL FEATURES Agriculture program New law eases commercialization of UPR patents page 60 saves dollars and jobs in island Camarero Racetrack to be powered by chicken industry $8.4 million renewableenergy plant page 8 page 2 Puerto Rico ranks among Top 10 island destinations in the world page 30 For up-to-the-minute local, national, international and economic news in English, go to caribbeanbusinesspr.com now on 20 CARIBBEAN BUSINESS THURSDAY, NOVEMBER 4, 2010 Puerto Rico reaches offshore to fi nance its tax reform New tax strategy called a threat to multinational business model RREACHEACH all the Chairmen, Presidents, General Managers, Financial Offi cers, Executives, Supervisors, Gov. Luis Fortuño, left center, confers with members of his Tax Reform Commission, which worked for months on the proposal unveiled by the governor last week. Business Owners and Licensed Professionals BY JOHN MARINO found to be sourced to Puerto Rico Also, “if the excise tax does not the Source Rule is an income tax on in Puerto Rico.
[email protected] under the new regulation, the experts apply for any reason, then the Source the offshore fi rm that does business added. Rule applies,” the legal opinion with an island affi liate and the excise In CARIBBEAN BUSINESS your ad than 100,000 readers.