Why are Puerto Rico’s tax laws so misunderstood? In this episode of the Mano a Mano podcast, host George is joined by Simón Carlo Valentín - tax attorney and CPA - to break down the complexities of Puerto Rico’s tax system.

They explore the truth about federal taxes in Puerto Rico, the impact of recent U.S. and local tax reforms, and how these policies shape the island’s economy and its push for statehood. Simon shares expert insights on tariffs, tax code misconceptions, and what fiscal policy changes may be needed for Puerto Rico to fully integrate with the United States.

In this episode:

• Do Puerto Ricans pay federal taxes?
• How U.S. tariffs affect the island
• Local tax reform and economic development
• Myths vs. facts on Puerto Rico’s tax system
• Tax implications of Puerto Rico statehood

Timestamps:

06:49 Federal Payroll Taxes and Inequities

10:23 Puerto Rico's Contributions to Federal Taxes

16:17 Impact of Tariffs on Puerto Rico

20:55 Federal Tax Policy and Manufacturing Incentives

25:05 Impact of Hurricane Maria on US Medical Supply Chain

25:30 Proposed Manufacturing Redundancy Plan for National Security

27:06 Economic Incentives and Tax Policies in Puerto Rico

28:16 Disparities in Compensation and Intellectual Property Issues

34:52 Local Tax Reform Efforts in Puerto Rico

40:17 Act 60 and Its Implications for Statehood

44:15 Vision for Puerto Rico's Statehood and Federal Tax Integration

47:02 Community Engagement and Political Advocacy

49:36 Conclusion and Call to Action

🔔 Subscribe for more deep dives into Puerto Rico’s political and economic future.

#PuertoRico #Taxes #PuertoRicoStatehood #SimonCarloValentin #TaxPolicy #ManoaManoPodcast #PuertoRicoEconomy #FederalTaxes

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Produced by Caandor Labs.