The Puerto Rican government has issued its fiscal plan to address the U.S. territory's deficit issues. The plan includes revenue enhancement measures estimated to reduce its spending gap by USD 12.9 billion over 10 years. The measures are broken down into three main areas, summarized as follows: Corporate tax reform measures, including a substitute for the excise tax under ACT 154 that will include the following alternatives or a combination thereof: A modified version of the effectively connected income source rule; An increased income tax rate on exempted income; An income tax withholding on imputed royalty or cost allocation payments;...