Overview - Most Americans are aware of the hurricane devastation in Puerto Rico. Puerto Rico’s equivalent event to September 11, 2003 occurred on September 20, 2017. First, the island suffered through Hurricane Irma on...more
Since the reduction in the individual tax rate on qualified dividends in 2004, the Interest Charge Domestic Sales Corporation (“IC-DISC”) has become an attractive vehicle to obtain a tax incentive for exporting U.S.-produced...more