Puerto Rico on the Brink

From Discourse DB
Revision as of 03:53, April 29, 2016 by Yaron Koren (talk | contribs) (Created page with "{{Item |author=The New York Times editorial board, |source=The New York Times |date=April 29, 2015 |url=http://www.nytimes.com/2015/04/30/opinion/puerto-rico-on-the-brink.html...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search

This is an opinion item.

Author(s) The New York Times editorial board
Source The New York Times
Date April 29, 2015
URL http://www.nytimes.com/2015/04/30/opinion/puerto-rico-on-the-brink.html
Quote
Quotes-start.png The government could also improve its finances by raising taxes, which are very low by international standards. Puerto Rico only collects about 11 percent of its gross domestic product in taxes, compared with the 33 percent average for advanced countries. Gov. Alejandro García Padilla has proposed replacing the island’s 7 percent sales tax with a 16 percent value-added tax. That might be too large an increase given the economy’s weakness, but a smaller increase phased over time and higher income tax rates could help, as would better policing of tax evasion. Quotes-end.png


Add or change this opinion item's references


This item argues for the position Puerto Rico should be allowed to declare bankruptcy on the topic Puerto Rican government-debt crisis.