Walmart Sues Puerto Rico because “taxes are too high”


These are the stores that most Puerto Ricans buy their stuff at! There are not that many other options in a 100×35 miles island. There again …. screw Puerto Rico!!

WAR AGAINST ALL PUERTO RICANS

War Against All Puerto Ricans: Revolution and Terror in America’s Colony

This week, Wal-Mart Puerto Rico, Inc. filed a lawsuit against the Commonwealth of Puerto Rico in an effort to overturn a tax law known as Act 72, which Walmart says is discriminatory, and violates federal laws and the U.S. Constitution. The case is Wal-Mart Puerto Rico Inc. v. Zaragoza-Gomez, 15-cv-3018, U.S. District Court, District of Puerto Rico (San Juan).

According to the complaint, Wal-Mart PR operates 55 Walmart Stores, Sam’s Clubs, Supercenters, Super Ahorros, and Amigos stores in Puerto Rico, which collectively produce an annual net income of $49,450,000. The complaint further alleges that Act 72 will tax away 91% of this net income, or roughly $45 million.

http://www.forbes.com/sites/kellyphillipserb/2015/12/07/wal-mart-sues-puerto-rico-over-astonishing-and-unsustainable-tax-increase/

According to the complaint, this tax rate is triple what Walmart is paying around the world.

On the face of it, Walmart has a reasonable point. However, I do have one question:

Are we really to believe that 55 Walmart…

View original post 103 more words

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About Dr. Rex

I'm originally from Puerto Rico. I was born in Santurce and raised in Rio Piedras. Have lived in Florida since 1999. I have a doctorate degree in Medicine; completed in 1976. My Internal Medicine specialty was completed in 1979. Worked for Puerto Rico's health system until 1985. At this time, I'm happily retired after working for the federal government for almost 28yrs. I want to offer any knowledge that I have to anyone "out there" who is interested. My views are liberal in almost every sense. My knowledge is "eclectic" - a bit of everything. Music and reading are my passion. Blogging has also become a very interesting endeavor. Metaphysical topics attract me. I'm interested in news reporting human issues like injustice, discrimination and abuse - the "wrongly" affected. My intention is to bring this knowledge to an understandable level and to help anyone in need. I'm open to questions and will answer them to the best of my ability. Currently working on an enterprise whose main mission will be to bring peoples of all walks of life together. To be one .... since we ALL are ONE!! The future looks bright and promising!!!

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