How Puerto Rico Became a Tax Haven for the Super-Rich

From Act 20 to iguanas...

A year after the tragedy of Hurricane Maria, the 51st state has become the favorite playground for extremely wealthy Americans looking to keep their money from the taxman, Jesse Barron reports on gq.com.

The only catch?

They have to cut all ties to the mainland (wink, wink), Barron wrote.

For more of a timely report: https://www.gq.com/story/how-puerto-rico-became-tax-haven-for-super-rich

For additional coverage of Puerto Rico as a tax haven: 

-- Rich U.S. Mainlanders Are Finding a Tax Paradise in Puerto Rico: https://www.truthdig.com/articles/disaster-capitalists-are-turning-puerto-rico-into-a-tax-haven/

-- Puerto Rico's Act 20 and 22 Just Made Offshoe Tax Havens Obsolete:  https://www.lowtax.net/blogs/Puerto-Ricos-Act-20-and-22-just-made-offshore-tax-havens-obsolete-574497.html

-- Puerto Rico May be the Last Tax Haven Standing After Trump: http://www.escapeartist.com/blog/puerto-rico-may-last-tax-haven-standing-trump/

-- Stop Letting the Rich Move to Puerto Rico as a Tax Haven: https://www.nytimes.com/roomfordebate/2015/04/14/the-worst-tax-breaks/stop-letting-the-rich-move-to-puerto-rico-as-a-tax-haven

-- Puerto Rico -- Tax Haven for High-Net Worth Americans and Cryptocurrency Holders: https://www.ckrlaw.com/our-voices/2018/03/09/puerto-rico-%E2%80%93-tax-haven-for-high-net-worth-americans-and-cryptocurrency-holders/

-- Puerto Rico Tax Haven -- The Best of Puerto Rico: http://puertoricotaxhaven.com/

Photos: gq.com, Pinterest.

Next time on The Allen Report: 

Preventing Muscle Loss as We Age.