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Discuss your position on the following concerning Section 936 of the Internal Revenue Code: The 936...

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Economics

Discuss your position on the following concerning Section 936 ofthe Internal Revenue Code: The 936 companies were criticized forarguing that they only defended their tax benefits withoutsupporting local development as a research and high-techcenter.

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What is Revenue code 936 Section 936 of the Internal Revenue Code was a measure by the US federal government to encourage US corporations to invest in Puerto Rico by providing an exemption from federal taxes The measure promoted the banking and finance industries as well as manufacturing mainly pharmaceutical and electronics companies    See Answer
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