Caribbean Business articles

Recent articles from Caribbean Business

Counting our blessings? Commonwealth tax reform - five years later. (CB Analysis) (Column)
May 28, 1992... Nearly five years after enactment of Puerto Rico's 1987 tax reform, the results speak for themselves. Income tax collections from individuals and companies, which, when combined, constitute almost 60% of the government's tax revenues, have risen by more than expected under the reform, thus...

H.I. Development plans $32 million investment: Tampa-based firm plans Arecibo, Isla Verde hotels within 2 years; casinos also in the works for 2 hotels. (H.I. Development Corp.)
May 28, 1992... Tampa-based firm plans Arecibo, Isla Verde hotels within 2 years; casinos also in the works for 2 existing hotels Over the next two years, H.I. Development Corp. is planning to invest $32 million in two new hotel properties in Puerto Rico and add casinos to existing properties. The...

Abbott's Barceloneta plant to cost $300 million: firm originally planned $165M chemical synthesizing plant; tax-exemption decree being negotiated with the P.R. government. (Abbott Laboratories Inc., Puerto Rico)
May 28, 1992... Firm originally planned $165M chemical synthesizing plant; tax-exemption decree being negotiated with P.R. government Abbott Laboratories plans to nearly double to $300 million its planned investment to build a bulk chemicals synthesizing plant in Barceloneta, Puerto Rico, CARIBBEAN...

Section 396 to escape Congress but not IRS: Congressional attacks may run out of time in 1992, but IRS ruling won't; proponenets preparing for 'haircut' next year.
May 28, 1992... Congressional attacks may run out of time in 1992, but IRS ruling won't; proponents preparing for |haircut' next year Section 936 is likely to emerge from the U.S. Congress this year relatively unscathed. Other than the repeated criticisms by Sen. David Pryor, all attempts against 936...

Santander Mortgage stirs industry debate: purchase of Chasehogar, coming month after First Service acquisition, signals aggressive push into mortgage banking. (Santander Mortgage Corp. previously First Service Corp.; Chasehogar of Chase Manhattan Banks)
May 28, 1992... Purchase of Chasehogar, coming month after First Service acquisition, signals aggressive push into mortgage banking As if mortgage bankers who met last weekend at their annual convention didn't have enough to talk about, Banco Santander gave them another hot topic. The Spanish bank's...