Puerto Rico holds 2nd-highest corporate tax rate worldwide, CUD president says

Ramón Barquín, president of the United Retailers Center By THE STAR STAFF Ramón Barquín, president of the United Retailers Center (CUD by its initials in Spanish), warned Sunday that Puerto Rico has become one of the least competitive jurisdictions for business taxation globally, urging immediate reforms to foster investment and support small and midsize enterprises (SMEs). According to the report “Corporate Tax Rates Around the World, 2025” by the Tax Foundation, Puerto Rico’s statutory...