Jul
27
Puerto Rico Should Collect Unpaid Taxes, Hedge Fund-Backed Economists Say
By
A protester in Puerto Rico whose sign translates as “We didn’t take out a loan. We didn’t see a dime. We’re not going to pay.” CreditRicardo Arduengo/Associated Press
Economists working for a group of hedge funds and other firms with major investments in Puerto Rican bonds said Sunday night that the government could solve its debt crisis largely by stepping up tax collections and obtaining additional financing over the next two years.
The message of sustainability is sharply at odds with the recent announcement by Puerto Rico’s governor, Alejandro García Padilla, that the commonwealth’s debt is “unpayable.”…
Puerto Rico Should Collect Unpaid Taxes, Hedge Fund-Backed Economists Say
