Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

The Flat Tax May Spread to the Commonwealth of Puerto Rico (Only One Thousand Miles Southeast of Miami)

by Alvin Rabushkavia russianeconomy.org
Monday, June 6, 2005

The governor of Puerto Rico established a Special Commission for Fiscal Reform (known as CERF by its Spanish acronym), instructing it to analyze Puerto Rico's tax system and make recommendations for reform. CERF recommended a 10-10-10 comprehensive reform of Puerto Rico's tax system.