Puerto Rico Point of Sale

Late last month Puerto Rica lawmakers approved a bill to increase sales tax. The approved bill will increase sales tax to 11.5 percent from the previous 7 percent, excluding certain processed foods. A new 4% tax will also be added on professional services. The unincorporated American territory has been facing steady downhill recession for approximately 8 years. Speculation the island...

Spread across the Caribbean Sea and organized by political entity, rest thousands of small islands. The island countries form Anguilla, Antigua, Aruba, Barbados, Belize, British Virgin Islands, Cayman Islands, Cuba, Dominica, Dominican Republic, Grenada, Guadeloupe, Haiti, Honduras, Jamaica, Martinique, Montserrat, Netherlands Antilles, Puerto Rico, Saint Barthelemy, Saint Kitts-and-Nevis, Saint Lucia, Saint Martin, Saint Vincent and the Grenadines, Trinidad and Tabago...