New Spain

From the Tax Law Offices of David W. Klasing - The IRS is Targeting Taxpayers (and Their Advisors) that Purported to Have Moved to Puerto Rico to Avoid Cryptocurrency Capital Gains

Retrieved on: 
Tuesday, March 2, 2021
Puerto Rican law, Spanish Empire, Countries, New Spain, PUERTO RICO, Income tax in the United States, Act 22, Tax, Islands, Taxation in Puerto Rico, Political status of Puerto Rico

Taxpayers may face tax civil penalties and potential criminal tax prosecution due to the sketchy tax advice they received.

Key Points: 
  • Taxpayers may face tax civil penalties and potential criminal tax prosecution due to the sketchy tax advice they received.
  • On January 17, 2012, Puerto Rico passed Act 22 of 2012, also referred to as the Individual Investors Act (IIA), in order to enhance the economic situation of Puerto Rico.
  • To be eligible to claim tax exemptions from the IIA on your tax return, you must be a "bona-fide resident" of Puerto Rico.
  • However, as a U.S. person, a taxpayer who lives in Puerto Rico is still subject to federal income tax on income earned from avenues OUTSIDE of Puerto Rico.

Puerto Rico Golf Shines on World Stage; Caribbean Destination Ideal for Tropical Travel

Retrieved on: 
Monday, March 1, 2021
Municipalities of Puerto Rico, Spanish Empire, Countries, Geography of the Caribbean, New Spain, PUERTO RICO, Spanish colonization of the Americas, Ponce, Puerto Rico, Miss World Puerto Rico

SAN JUAN, Puerto Rico, March 1, 2021 /PRNewswire/ --It was an exceptional week for Puerto Rico on the world golf stage last week.

Key Points: 
  • SAN JUAN, Puerto Rico, March 1, 2021 /PRNewswire/ --It was an exceptional week for Puerto Rico on the world golf stage last week.
  • Campos thrilled the golf world with his play on the Championship Course at Grand Reserve Golf Club, an amenity of the Hyatt Regency Grand Reserve Puerto Rico.
  • Along with PGA TOUR member Campos, Puerto Rico was represented in the tournament by Edward Figueroa, who qualified through the 2020 Golf Puerto Rico Island Championship.
  • Learn more about visiting Puerto Rico at DiscoverPuertoRico.com, including:
    Discover Puerto Rico is a private, not for-profit Destination Marketing Organization (DMO) whose mission is to make Puerto Rico visible to the world as a premier travel destination.

Dominican Republic Sets World-Class Example for Responsible Tourism During a Pandemic

Retrieved on: 
Monday, March 1, 2021
Countries, Spanish Empire, Dominican Republic, New Spain, Republics, Spanish Caribbean, Americas

"Today, the Minister of Tourism, David Collado, informed me first-hand about how the Dominican Republic protects tourism for the country's recovery.

Key Points: 
  • "Today, the Minister of Tourism, David Collado, informed me first-hand about how the Dominican Republic protects tourism for the country's recovery.
  • Dominican Republic tourism industry's security protocols have been endorsed and certified by the international organization Bureau Veritas and the World Travel and Tourism Council (WTTC).
  • With eight international airports and nine distinct ecological zones, it has never been more accessible or appealing to explore Dominican Republic.
  • To learn more and begin planning your trip visit the Dominican Republic Ministry of Tourism's official website at: https://www.godominicanrepublic.com/
    Download the Go Dominican Republic App, available in the App Store and Google Play

CytoImmune Therapeutics Establishes Operations in Puerto Rico to Develop Novel Cancer Immunotherapy Products

Retrieved on: 
Monday, March 1, 2021
Spanish Empire, Countries, Geography of the Caribbean, New Spain, PUERTO RICO, Spanish Caribbean, Spanish colonization of the Americas, Cancer, G1 Therapeutics

SAN JUAN, Puerto Rico, March 1, 2021 /PRNewswire/ -- Invest Puerto Rico (InvestPR), the Island's economic development organization, and the Puerto Rico Department of Economic Development and Commerce (DDEC), today announces that CytoImmune Therapeutics Puerto Rico LLC ("CTPR") will establish cell therapy operations in Puerto Rico in 2021 with the aim of developing novel, coordinate immunotherapy solutions for cancer patients.

Key Points: 
  • SAN JUAN, Puerto Rico, March 1, 2021 /PRNewswire/ -- Invest Puerto Rico (InvestPR), the Island's economic development organization, and the Puerto Rico Department of Economic Development and Commerce (DDEC), today announces that CytoImmune Therapeutics Puerto Rico LLC ("CTPR") will establish cell therapy operations in Puerto Rico in 2021 with the aim of developing novel, coordinate immunotherapy solutions for cancer patients.
  • CytoImmune has been developing and commercializing novel cancer immunotherapy products designed to utilize the power of the patient's own immune system to eliminate cancer cells.
  • "CytoImmune Therapeutics Puerto Rico is a leader in the field of cell therapy and immunotherapy for the treatment of cancers.
  • Will Rosellini , Co-founder and President of CytoImmune, noted, "Puerto Rico was the obvious choice for expanding our operations.

Mexus pays off loans and gives an update on its Santa Elena mine project

Retrieved on: 
Monday, December 16, 2019
Santa Elena, New Spain

In addition, the company seeks to update investors on progress at its Santa Elena mine.

Key Points: 
  • In addition, the company seeks to update investors on progress at its Santa Elena mine.
  • Mexus President Paul Thompson is looking to move the Santa Elena project into a major gold producing mine but is in need of funds to accomplish this goal.
  • Mexus is also considering selling a small royalty interest in the Santa Elena mine.
  • The fully owned Santa Elena mine is located 54km NW of Caborca, Mexico.

MAMMOTH ENERGY SHAREHOLDER ALERT By Former Louisiana Attorney General: Kahn Swick & Foti, LLC Reminds Investors with Losses in Excess OF $100,000 of Lead Plaintiff Deadline in Class Action Lawsuit Against Mammoth Energy Services, Inc. - TUSK

Retrieved on: 
Wednesday, June 12, 2019
Professional services, Legal, Spanish Empire, New Spain, PUERTO RICO, Spanish Caribbean, Spanish colonization of the Americas, Federal Emergency Management Agency, Americas

This action is pending in the United States District Court for the Western District of Oklahoma.

Key Points: 
  • This action is pending in the United States District Court for the Western District of Oklahoma.
  • If you wish to serve as a lead plaintiff in this class action, you must petition the Court by August 6, 2019.
  • Mammoth and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
  • On May 24, 2019, news sources reported that a FEMA official was under investigation for steering power restoration contracts in Puerto Rico to the Companys subsidiary, Cobra Acquisitions LLC.

Lin-Manuel Miranda Invites Visitors To "Discover Puerto Rico" In New Eight-Chapter Content Series

Retrieved on: 
Monday, June 10, 2019
Spanish Empire, Geography of North America, Americas, New Spain, PUERTO RICO, Spanish colonization of the Americas, Lin-Manuel Miranda

SAN JUAN, Puerto Rico, June 10, 2019 /PRNewswire/ -- Discover Puerto Rico, the Island's first-ever Destination Marketing Organization (DMO), today unveiled a new 8-chapter series by Lin-Manuel Miranda, titled "Discover Puerto Rico with Lin-Manuel."

Key Points: 
  • SAN JUAN, Puerto Rico, June 10, 2019 /PRNewswire/ -- Discover Puerto Rico, the Island's first-ever Destination Marketing Organization (DMO), today unveiled a new 8-chapter series by Lin-Manuel Miranda, titled "Discover Puerto Rico with Lin-Manuel."
  • This series comes as part of Lin-Manuel's commitment to promote his home Island, and continue growing the tourism economy through awareness of the offerings in Puerto Rico.
  • The series can be viewed on the Discover Puerto Rico webpage: https://www.discoverpuertorico.com/lin-manuel-miranda
    "In addition to great beaches and tropical rainforests, Puerto Rico offers a remarkable fusion ofworld-classcultural, artistic and gastronomic experiences," said Lin-Manuel Miranda.
  • "In this series wesoughtto highlight some of those hidden treasures that make Puerto Rico an unparalleleddestination with something for everyone.

RedMane Technology Wins Puerto Rico Medicaid Eligibility and Enrollment System Contract

Retrieved on: 
Tuesday, June 4, 2019
Spanish Empire, New Spain, PUERTO RICO, Spanish colonization of the Americas, Medicaid, Americas, Countries

CHICAGO, June 4, 2019 /PRNewswire-PRWeb/ -- RedMane Technology LLC , a Chicago-based software solutions and systems integration firm, was awarded a contract to implement a modern Medicaid Eligibility and Enrollment solution for the Puerto Rico Department of Health.

Key Points: 
  • CHICAGO, June 4, 2019 /PRNewswire-PRWeb/ -- RedMane Technology LLC , a Chicago-based software solutions and systems integration firm, was awarded a contract to implement a modern Medicaid Eligibility and Enrollment solution for the Puerto Rico Department of Health.
  • The new system will support Puerto Rico's 1.5 million residents on Medicaid, nearly 50 percent of the territory's population.
  • It is a key part of our effort to make our operations more efficient and improve the eligibility and enrollment experience for our applicants and recipients," said Luz E. Cruz-Romero, Puerto Rico's Medicaid Executive Director.
  • The Puerto Rico Department of Health's Medicaid Program operates 66 local offices, employs over 800 staff, and uses a managed care approach for healthcare service delivery.

Arch RoamRight Analysis Provides Insights into 2019 Spring Break Travel Habits

Retrieved on: 
Wednesday, May 22, 2019
Travel, Cruise, Destinations, Vacation, Lodging, Transportation, Other Travel, Professional services, Insurance, Spanish Empire, New Spain, PUERTO RICO, Spanish colonization of the Americas, Travel insurance, The Travelers Companies, Traveler, Americas

A recent study by Arch Insurance Companys travel insurance brand, RoamRight, yielded interesting insights about this years recently completed spring break travel season.

Key Points: 
  • A recent study by Arch Insurance Companys travel insurance brand, RoamRight, yielded interesting insights about this years recently completed spring break travel season.
  • The majority of survey respondents (53%) who traveled for spring break said they did not purchase travel insurance for their trip.
  • Arch RoamRight travelers opted for Puerto Rico, Cuba over Mexico
    According to data from insured Arch RoamRight travelers in the first quarter of 2019, more travelers were taking spring break trips to Puerto Rico and Cuba, while fewer were opting for the historically popular spring break destination of Mexico.
  • Through the survey, Arch RoamRight learned that about 70% of respondents did not take a 2019 spring break trip.

inCruises International Expands its Global Footprint by Partnering with Trust My Travel

Retrieved on: 
Thursday, May 16, 2019
Spanish Empire, Geography of North America, Americas, San Juan, Puerto Rico, Municipalities of Puerto Rico, New Spain, PUERTO RICO, Spanish colonization of the Americas

SAN JUAN, Puerto Rico, May 16, 2019 /PRNewswire/ -- inCruises International , the world's largest cruise membership club, announced a strategic relationship with Trust My Travel.

Key Points: 
  • SAN JUAN, Puerto Rico, May 16, 2019 /PRNewswire/ -- inCruises International , the world's largest cruise membership club, announced a strategic relationship with Trust My Travel.
  • Trust My Travel is the leading specialist in travel payments globally.
  • Trust My Travel provides peace of mind to us and our Members/customers," said President and Chief Operations Officer, Frank J. Codina.
  • "We are grateful this leading travel payment collaboration will help us continue to add value to our global customers."