Publicaciones 2 – PR No Se Vende

Read Our Latest Report: Pain & Profit 3

October 2025

Pain & Profit 3: The Investors Double Dipping on Tax Exemptions and Starving Puerto Rico

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Since Act 22 (later amended into Act 60) was passed, Act 22 beneficiaries have hoarded properties and speculated in the real estate market. Communities in Puerto Rico are facing soaring housing costs and rapid displacement.

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October 2024

2024 Election Data Brief: The Act 22 Donors STILL Influencing Puerto Rico's Elections

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Our new 2024 analysis shows politicians in the highest offices continued to receive donations from Act 22 beneficiaries this electoral year.

Cabe destacar a Pedro Pierluisi, el actual gobernador, a Jenniffer González Colón, la actual comisionada residente (y candidata a la gobernación en 2024), e integrantes de la Cámara de Representantes de Puerto Rico, así como a las alcaldías de los pueblos con el mayor número de personas exentas por la Ley 22, como San Juan y Dorado.

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May 2024

Pain & Profit 2: The Act 22 Donors Influencing Puerto Rico's Elections

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Our election disclosure analysis reveals that Act 22 beneficiaries donated over one million dollars dispersed between twenty-one different Puerto Rican elected officials in the last decade.

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April 2024

Pain & Profit 1: The Act 22 'Charities' That Take From Puerto Rico & Give Little in Return

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In an effort to attract wealthy investors to Puerto Rico, the Puerto Rican government passed the “Act to Promote the Relocation of Individual Investors to Puerto Rico” (known as Act 22 and later amended into Act 60) in 2012. Wealthy people relocating to the archipelago received an unprecedented 100% tax exemption on all income and investments.

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