[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Puerto Rico Sample Letter concerning Amount Owed Due to Destruction of Sign Dear [Recipient's Name], I hope this letter finds you well. I am writing to inform you of the significant damages caused to my property in Puerto Rico due to the destruction of a sign owned by your company, [Company Name]. I believe it is imperative to address this matter and seek rightful compensation for the losses incurred. Firstly, allow me to provide a detailed description of the incident. On [Date], a severe storm hit Puerto Rico, resulting in strong winds and heavy rainfall. Unfortunately, during this calamitous event, your company's sign situated on my property was entirely destroyed. The strong gusts of wind, combined with the torrential downpour, caused the sign to collapse and resulted in extensive damage to my property and personal belongings. The destroyed sign has led to numerous negative consequences for me, both financially and emotionally. Not only was the structure itself of significant value, but the debris scattered around my premises caused collateral damage to my fence, outdoor furniture, and landscaping. Additionally, the sign's collapse caused severe disruption to my daily routine and caused distress to my family. Considering the irrefutable evidence of your company's sign being the sole cause of the destruction, it is only fair that [Company Name] bears the responsibility of compensating me for the amount owed. The estimated cost to repair the damages to my property amounts to $[Amount]. This value is based on multiple quotations obtained from professional contractors in Puerto Rico who specialize in structural repairs and restoration. Given the gravity of this situation and the mounting costs associated with the repairs, it is my sincere hope that we can swiftly come to a mutually agreeable resolution. However, in the event that this matter is not promptly resolved, it may be necessary for me to pursue legal action to recoup the amount owed and seek suitable compensation for the distress caused. I kindly request that you acknowledge receipt of this letter and initiate a discussion regarding the reimbursement of the owed amount. Please respond within [reasonable timeframe, e.g., 14 days] from the date of this letter. You may contact me at [Email Address] or [Phone Number] to discuss this matter further and propose a resolution that rectifies the damages incurred. Thank you for your immediate attention to this matter. I remain hopeful that we can find a fair resolution to this issue, which will avoid any unnecessary escalation. I trust in your understanding and cooperation. Sincerely, [Your Name]
Puerto Rico Sample Letter concerning Amount Owed Due to Destruction of Sign
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FAQ
Section 936 exempts U.S.-based companies operating in Puerto Rico and other U.S. possessions from paying federal income taxes on the production of their subsidiaries.
AN ODIOUS AND UNSUSTAINABLE DEBT Puerto Rico is crushed by a debt of about $73 billion, which in relation to the number of inhabitants is ten times the US average figure. The origin of the debt is the colonial status of Puerto Rico and the US monitoring of this territory that was used as a tax haven.
A second result of the change to 936 was that corporations could no longer receive tax-exempt interest income by banking their Puerto Rican profits in US possessions other than Puerto Rico. The rationale for this policy was to end passage of these funds from Puerto Rican banks to other locations or to Eurodollars.
Around $30 billion, or about 42% of Puerto Rico's outstanding debt, is owned by residents of Puerto Rico. They and local businesses are the parties that are most affected by the government cuts and the increased taxes that have been imposed to stabilize the island's finances.
The economy of Puerto Rico is mainly driven by manufacturing, primarily pharmaceuticals, textiles, petrochemicals, and electronics; followed by the service industry, primarily finance, insurance, real estate, and tourism.
PR Code Section 4010.01(ddd) includes a detailed list of the Marketplace Facilitator Activities. Merchants are generally required to collect, report and remit the SUT, unless they are considered non-withholding agents for SUT purposes.