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PUERTO RICO: INSIGHTS INTO ECONOMIC DEVELOPMENT POLICY, Volume III: Tax Reform and Financial Regulation

Author

Listed:
  • Glenn P. Jenkins

    (Queen's University, Canada and Eastern Mediterranean University, North Cyprus)

Abstract

This volume presents two submissions to the Bipartisan Congressional Task on Economic Growth in Puerto Rico regarding “Tax Reforms”. First, Juan-Carlos Puig’s submission outlines a list of initiatives/actions which should be taken to improve Puerto Rico’s economy. Having served as a federal government employee for 32.5 years, 28.5 of which were served in Puerto Rico, he suggests that the task force is in a unique position to reform Puerto Rico’s tax administration and without improvement in revenue collection Puerto Rico will not be able to stand on its own two feet. Secondly, James I. Owens, an International Tax Consultant, also outlines practical recommendations to achieve economic growth in Puerto Rico. Increased revenue can be accomplished by improving tax administration and enforcement programs or by raising the current rate of the sales tax.

Suggested Citation

  • Glenn P. Jenkins, 2016. "PUERTO RICO: INSIGHTS INTO ECONOMIC DEVELOPMENT POLICY, Volume III: Tax Reform and Financial Regulation," Development Discussion Papers 2016-13, JDI Executive Programs.
    • Handle: RePEc:qed:dpaper:295
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    More about this item

    Keywords

    Puerto Rico; Economic Growth; PROMESA; Tax Reforms;
    All these keywords.

    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O2 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy

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