Episode 15 | Taxes and Tariffs | Simon Carlo Valentín on Puerto Rico Federal & Local Tax Policy

Why are Puerto Rico’s tax laws so misunderstood? In this episode of the Mano a Mano podcast, host George is joined by Simón Carlo Valentín - tax attorney and CPA - to break down the complexities of Puerto Rico’s tax system.They explore the truth about federal taxes in Puerto Rico, the impact of recent U.S. and local tax reforms, and how these policies shape the island’s economy and its push for statehood. Simon shares expert insights on tariffs, tax code misconceptions, and what fiscal policy changes may be needed for Puerto Rico to fully integrate with the United States.In this episode:Do Puerto Ricans pay federal taxes?How U.S. tariffs affect the islandLocal tax reform and economic developmentMyths vs. facts on Puerto Rico’s tax systemTax implications of Puerto Rico statehoodTimestamps:06:49 Federal Payroll Taxes and Inequities10:23 Puerto Rico's Contributions to Federal Taxes16:17 Impact of Tariffs on Puerto Rico20:55 Federal Tax Policy and Manufacturing Incentives25:05 Impact of Hurricane Maria on US Medical Supply Chain25:30 Proposed Manufacturing Redundancy Plan for National Security27:06 Economic Incentives and Tax Policies in Puerto Rico28:16 Disparities in Compensation and Intellectual Property Issues34:52 Local Tax Reform Efforts in Puerto Rico40:17 Act 60 and Its Implications for Statehood44:15 Vision for Puerto Rico's Statehood and Federal Tax Integration47:02 Community Engagement and Political Advocacy49:36 Conclusion and Call to Action🔔 Subscribe for more deep dives into Puerto Rico’s political and economic future.#PuertoRico #Taxes #PuertoRicoStatehood #SimonCarloValentin #TaxPolicy #ManoaManoPodcast #PuertoRicoEconomy #FederalTaxes  Watch episodes of Mano a Mano on YouTube @PuertoRico51st.Interested in learning more about the statehood movement? Visit our Website: https://www.pr51st.comSign-up for Email Updates: http://www.pr51st.com/take-action/sign-up/Follow us on: Facebook - @PR51stTwitter - @PuertoRico51stInstagram - @PR51st Produced by Caandor Labs.