The bill would prevent crypto holders from using the US territory to avoid taxes on their digital assets A new proposal in Washington is targeting a long-standing loophole that has made Puerto Rico an attractive destination for crypto investors seeking to reduce their tax bills. Rep. Nydia Velázquez of New York introduced a bill on
Tag: puerto rico
Puerto Rico looks to make changes to casino laws
The US territory is updating its casino legislation to boost revenue Puerto Rico has seen a recent decline in casino gaming, which has played a significant role in attracting tourism to a country that relies on it for economic stability. However, new proposed legislation may help reverse this trend. The Puerto Rico Senate and House