Puerto Rico Industrial Incentives Fund
Encyclopedia
A controversial $160 million investment fund created by the Pedro Rossello
administration to promote economic development. The PRIIF was funded by U.S. companies operating under Section 936 of the federal tax code in exchange for not paying approximately $960 million in tollgate tax obligations to Puerto Rico.
Xavier Romeu
was the President of the PRIIF from April 1999 to December 2000 and held two of three seats on the Fund's Board of Directors.
Pedro Rosselló
Pedro Juan Rosselló González, M.D., , is a Puerto Rican physician and politician who served as the sixth Governor of the Commonwealth of Puerto Rico from 1993 to 2001...
administration to promote economic development. The PRIIF was funded by U.S. companies operating under Section 936 of the federal tax code in exchange for not paying approximately $960 million in tollgate tax obligations to Puerto Rico.
Xavier Romeu
Xavier Romeu
Xavier Romeu is a counselor and litigator, with expertise in securities litigation and regulation, and corporate, commercial and employment litigation...
was the President of the PRIIF from April 1999 to December 2000 and held two of three seats on the Fund's Board of Directors.
Sources
- http://blueribbonpr.org/
- http://www.puertorico-herald.org/issues/2003/vol7n31/Media2-en.html
- http://www.puertorico-herald.org/issues/2004/vol8n40/Media1-en.html
- http://www.puertorico-herald.org/issues/2003/vol7n31/Media2-en.html