Speaker of the Puerto Rico House of Representatives Carlos “Johnny” Méndez Nuñez By THE STAR STAFF Gov. Jenniffer González Colón has announced plans to make foreign investors pay a 4% capital gains tax and to transfer the administration of tourist facilities to municipalities. Currently, Puerto Rico’s Incentives Code (Act 60-2019) exempts foreign investors from paying capital gains taxes, while local investors face rates between 15% and 22%, the governor said. To level the playing field,...