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Article: Puerto Rico's Business Community United Behind Section 956; Representatives from the Private Sector Sign A Declaration of Principles to Send a Strong Message to Congress.
- Article from:
- PR Newswire
- Article date:
- September 17, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WASHINGTON, Sept. 17 /PRNewswire/ -- A united front of Puerto Rico's business leaders representing companies who employ more than 90% of the private sector have joined the government of the Commonwealth of Puerto Rico, the Resident Commissioner in Washington, D.C. and Puerto Rico's Secretary of Economic Development and Commerce to voice their support for the proposed amendment of Section 956 of the Internal Revenue Code, which will provide for the long-term economic future of Puerto Rico. The group is working with Congress to implement the needed stimulus for Puerto Rico's economy.
Although tax incentives currently exist to encourage U.S.-based companies to ...