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Puerto Rico
Puerto Rico has had a history of being exploited for its economic incentives.
When Spanish colonizers came to the island, they used the natural resources of the environment to better their economy. When the country became a U.S. commonwealth, this did not end. Puerto Rico is currently facing a displacement crisis that started with an attempt to encourage economic growth.
In 2012, the country began to offer tax breaks to incentivize American corporations to move their businesses to Puerto Rico. The tax break included a 0-4% income tax rate and no taxation on capital or crypto gains. This caused locals to be displaced at extremely high rates.
Puerto Rico - Power of the Dollar
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