Puerto Rico Explores Global Minimum Tax, Talks With Industry

Puerto Rico is taking steps to be part of the global corporate tax deal’s minimum tax plan, island Treasury Secretary Francisco Parés Alicea said as he moved between meetings in Washington and New York this week to discuss the prospects with companies with a large presence in the local economy.

“We have had preliminary discussions with the federal government, but our expectation is to have a proposal after conversations with the private sector, and then sit down with the US Treasury again,” Parés Alicea said in an interview Tuesday after talks with three manufacturers in Washington. He had meetings ...