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Puerto Rican Competitiveness and Pillar Two

Puerto Rico, a US territory with a limited ability to set its own tax policies, will be the first part of the US to be substantially affected by Pillar Two, the global tax agreement that seeks to establish a 15 percent minimum tax rate on corporate income. Pillar Two is a significant threat to Puerto Rico’s development model, which has typically featured lower taxes. Puerto Rican lawmakers have begun to respond. However, no comprehensive tax reform addressing Pillar Two has thus far crossed the finish line and become law.

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Alan Cole
July 15, 2024
Competitividad Puerto Rico Segundo Pilar

Lack of Economic Freedom and Income Inequality Makes Unaware Politicians Lose Elections

Going back to the primaries and the historical fact that a sitting Governor lost for the first time in history, his party primary sends a strong and loud message that critical issues affecting all Puerto Ricans were not dealt with to the voter's satisfaction. Among the critical issues mentioned are the fragility of the electrical grids, the condition of our roads, the high inflation, the glacial pace of the reconstruction, the lack of economic freedom and the constant defense of LUMA Energy; whether right or wrong, this is what most voters had in their minds while voting.

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Francisco Rodriguez-Castro
June 28, 2024
políticos inconscientes pierdan las elecciones

Two American pastimes: Baseball and theft by government

Roberto Clemente is one of the most storied players in Major League Baseball history. During his nearly two-decades on the field, Clemente racked up two World Series rings, an MVP award, and numerous batting titles. So popular and beloved was Clemente’s brand that his home island of Puerto Rico used it to raise revenue. Puerto Rico hauled in $15 million selling license plates with Clemente’s likeness. It did so without his family’s permission and without paying them a dime. It would be fitting for Clemente to hit yet another home run — this time for freedom — a full five decades after his last at bat.

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Wen Fa
June 28, 2024
Roberto Clemente

The artistic gag: political agenda?

In the midst of the maelstrom of detrimental issues that daily lacerate our spirit of survival in Puerto Rico, a bill is filed that bursts into the conscience of artistic expression born from bodily movement. The country is once again collapsing due to the lack of essential services -such as electricity and aqueducts- affecting even the purity of the primary electoral event for the 2024 electoral contest. On the other hand, the illegal release of prisoners of high danger of violence, such as murderers, rapists, kidnappers, among others, was recently uncovered. However, attention is diverted towards the State that focuses its persecutory light to detect its critics in order to placate them. Strangling their thinking and their capacity for economic subsistence, to get them out of the way, is the way to prevent them from hindering their political power.

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Katherine Angueira Navarro
June 24, 2024
agenda politica

Economic freedom for all

Economic freedom is the right of every human being to earn an honest living -that is, to work, produce, undertake, sell, buy and exchange goods and services- responsibly and voluntarily, without undue governmental interference or obstacles (Carrión-Tavárez, 2024). This right does not distinguish between race, sex, age, nationality, ethnicity, language, religion, political opinion or socioeconomic level.

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Jorge L. Rodríguez
June 14, 2024
libertad economica para todos

Does "Intel" really not want us?

Understanding and internalizing Puerto Rico's loss of competitiveness vis-à-vis other jurisdictions in the hemisphere has caused a lot of commotion. Countries such as Costa Rica and the Dominican Republic have focused in the past decades on creating optimal conditions to aggressively promote Foreign Direct Investment. While in Puerto Rico we explore innovative initiatives on how to squeeze and undermine foreign investment by imposing onerous taxes; while in Puerto Rico we consider the possibility of invalidating labor laws that cause us to lose our attractiveness to investment; while Puerto Rico reflects insecurity to foreign direct investment, the countries in the area make life easier for investors.

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Eric Santiago Justiniano
May 20, 2024
Intel

Hiring more skilled workers: Is licensing getting in the way?

Several states are facing a shortage of skilled workers, and many have responded by cutting red tape around their occupational licensing laws. Unlike a driver’s license, which you can use across state lines, occupational licenses often impose barriers that limit where you’re allowed to work. That means a worker licensed in one state may have to get re-trained or pay additional fees if they move somewhere else, even if they’re doing the same job.

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Andrew Dorn
May 17, 2024
Contratar a más trabajadores cualificados

States Pursue Alternative Licensing Pathways for Lawyers

Jokes about the abundance of “ambulance chasers” aside, the fact is that some parts of America face a shortage of lawyers rather than the surplus that those critical of the profession might expect. Although New York City and Washington, DC, have a high concentration of lawyers, nearly 1,300 counties across the country have less than one lawyer per thousand residents, according to a 2020 American Bar Association report. So‐​called legal deserts are especially common in rural areas, where children and less affluent adults may find it difficult or impossible to secure representation.

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Marc Joffe
May 14, 2024
vías alternas para la concesión de licencias a los abogados
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