By: Nick Giambruno
Whenever I see the words “life-changing opportunity” or something like that, I immediately dismiss it as a lame gimmick or hyperbole.
And while I am truly reluctant to use those often misused words, I can honestly think of no better way to describe Puerto Rico’s tax incentives for traders, hedge funds, private equity firms, and asset managers of all stripes.
This is truly a life-changing opportunity for them, and that’s not BS.
By the end of this article, you’ll see why.
It’s not for no reason that investment legends like hedge fund manager John Paulson and Nick Prouty have planted their flags there. But you don’t have to be a big name to benefit too. As you’ll see, obtaining Puerto Rico’s tax incentives is really a no-brainer for anyone who makes their living off of capital gains.
But first, you need to understand a few things about the uniquely burdensome American tax code to see why this is such an unparalleled opportunity. [Read more...]