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Modern Colonialism in Puerto Rico: Law 22 and Its Impact
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Modern Colonialism in Puerto Rico: Law 22 and Its Impact
“Aquí vive gente que lucha y que no se deja.” – El Apagón, Bad Bunny. Modern colonialism in Puerto Rico is not limited only to politics and the economy controlled by the United States; it is also manifested in laws that benefit outsiders and affect those within. One of such is Law 22, which seeks to incentivize the relocation of individual investors to Puerto Rico. That is, it grants a full tax exemption on capital gains to people who relocate t…
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