On October 25 2010, Governor Luis Fortuño of Puerto Rico approved a tax hike that experts say will not only adversely affect the sluggish job market in the US commonwealth, but will also cause foreign investors to reevaluate the value of investing in Puerto Rico.
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Experts reportedly discussed extending the safe harbour to 2027 to give countries more time to legislate; in other news, Baker McKenzie and Greenberg Traurig made senior tax hires
Hany Elnaggar examines how Gulf Cooperation Council countries are internalising transfer pricing norms within evolving fiscal systems shaped by both Islamic and international influences
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