EFTA02598865.pdf

From: Alan Dlugash < Sent: Wednesday, September 27, 2017 12:32 AM To: Richard Kahn Cc: Jeffrey E. Subject: Re: Here's how an obscure tax change sank Puerto Rico's economy I've been hearing of this issue since I've become =nvolved in Puerto Rico, though I never quite understood why those companie= that were already in PR (with its lower costs and capable workforce) woul= necessarily leave when the tax break ended. But also significantly contri=uting to the economic decline was/is 1) enforcement of US minimum wage=laws, driving employment underground - or just out 2) Jones Act,=severely hampering trade 3) Bloated Government costs and p=licies (overpaid, underworked, too generous pensions), and 4) We=fare/disability culture. 4=A0 Alan On Tue, Sep 26, 2017 at 5:32 PM, Richa=d Kahn < <mailto >> wrote: https://www.cnbc.com/2017/09/26/heres-how-an-obscure-ta=-change-sank-puerto-ricos-economy.html <https://www.cnbc.com/2017/09/26/heres-how-a=-obscure-tax-change-sank-puerto-ricos-economy.html> Richard Kahn HBRK Associates Inc. 575 Lexington Avenue 4th Floor New York, NY 10022 tel <tel > <tel <tel Alan J. Dlugash Alan J. Dlug=sh LLC 767 Third Avenue - 36th Floor New York, N= 10017 Tel. Cell <= href="mailto target="_blank" 1 EFTA_R1_01785102 EFTA02598865