Tax Policy: Analysis of Certain Potential Effects of Extending Federal Income Taxation to Puerto Ricoby United States General Accounting Office, DIANE Publishing Company (Manufactured by)
Section 933 of the U.S. Internal Revenue Code (IRC) provides that income derived from sources within Puerto Rico by an individual who is a resident of Puerto Rico generally will be excluded from gross income & exempt from U.S. taxation, even if such resident is a U.S. citizen. It does not exempt residents of Puerto Rico from paying federal income taxes on U.S. source income & foreign source income. This report presents information on potential consequences of extending the income tax provisions of the federal IRC to residents of Puerto Rico.
- DIANE Publishing Company
- Publication date:
Most Helpful Customer Reviews
See all customer reviews