04 April 2024

Andersen Managing Director Clarissa Cole's comments are featured in the recent Business Insider story, A tax expert shares the misconceptions and hidden costs the wealthy face when moving to Puerto Rico for tax breaks. The article discusses Puerto Rico's tax incentives (Act 60) aimed at attracting foreign residents and investors to live and make investments on the island. Clarissa pointed out some common misconceptions about the tax breaks and steps people should take to inform themselves before moving to the island and seeking to claim them.