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Tax Policy: Puerto Rican Economic Trends

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Report Type Reports and Testimonies
Report Date May 14, 1997
Report No. GGD-97-101
Subject
Summary:

This report provides information on economic activity in Puerto Rico before and after the recent changes in U.S. tax benefits for corporations operating there. Corporations that receive these tax benefits are a significant part of the Puerto Rican economy. In recent years, Congress has reduced the size of the tax benefits and set an expiration date for the remaining benefits. GAO presents information on recent trends in Puerto Rico's principal economic indicators; investments by U.S. corporations in Puerto Rico that generate tax-exempt, nonbusiness income; and investment and employment promoted by Puerto Rico's Economic Development Administration.

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