Puerto Rico Gubernatorial Race Casts Doubt Over Global Tax Plans

Jenniffer González Colón’s lead in the Puerto Rico governor’s race sows uncertainty on whether the island will adopt the global minimum tax.

A win by González Colón, currently the US territory’s nonvoting resident commissioner in Congress, will keep Puerto Rico under the leadership of the New Progressive Party. She is aligned with the mainland Republican Party.

With 91% of votes counted, González Colón had a comfortable lead over Juan Dalmau of “the Alliance”—a new coalition between the Puerto Rican Independence Party (PIP) and the Citizens’ Victory Movement—whose campaign platform included increasing corporate tax revenue. He also ran against the controversial ...