United States Government Publishing Office publisher pbl distributor dst United States Government Accountability Office author aut Government Organization text government publication eng GAOREPORTS Legislative Agency Publications gao legislative 2010-08-12 U.S. Government Printing Office 2006-05-19 monographic deposited born digital 225 p. GA 1.13:GAO-06-541 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-541 P0b002ee1803836f6 f:d06541 DGPO 2010-08-12 2011-03-28 GAOREPORTS-GAO-06-541 machine generated eng fdlp REPORT GAOREPORTS-GAO-06-541 GAO-06-541 Comparative analysis Corporations Foreign economic assistance International economic relations Investments abroad Tax credit Puerto Rico Possessions Tax Credit Other Written Product A54519 The federal possessions tax credit, which was designed to encourage U.S. corporate investment in Puerto Rico and other insular areas, expires this year. Proponents of continued federal economic assistance to Puerto Rico have presented a variety of proposals for congressional consideration. In response to a request from the U.S. Senate Committee on Finance, this study compares trends in Puerto Rico's principal economic indicators with those for the United States; reports on changes in the activities and tax status of the corporations that have claimed the possessions tax credit; explains how fiscal relations between the federal government and Puerto Rico differs from the federal government's relations with the states and other insular areas; and compares the taxes paid to all levels of government by residents of Puerto Rico, the states, and other insular areas. GAO used the latest data available from multiple federal and Puerto Rican government agencies. Data limitations are noted where relevant. Key findings are based on multiple measures from different sources. GAO is not making any recommendations in this report. In comments on this report the Governor of Puerto Rico said the report will be useful for evaluating policy options. https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-541/html/GAOREPORTS-GAO-06-541.htm https://www.govinfo.gov/content/pkg/GAOREPORTS-GAO-06-541/pdf/GAOREPORTS-GAO-06-541.pdf GAO-06-541 https://www.govinfo.gov/app/details/GAOREPORTS-GAO-06-541 Other Written Product GAO-06-541; Puerto Rico: Fiscal Relations with the Federal Government and Economic Trends during the Phaseout of the Possessions Tax Credit; Comparative analysis Corporations Foreign economic assistance International economic relations Investments abroad Tax credit Puerto Rico Possessions Tax Credit