Consultants

The Bond Buyer

Puerto Rico Says COFINA Sales and Use Taxes Belong to Island

September 11, 2017

Puerto Rico’s government argued in a Title III bankruptcy case that the commonwealth’s sales and use tax revenues, which are used for paying COFINA bonds, belong to the government and not the bondholders. In an interview with The Bond Buyer, Jim Spiotto discussed Puerto Rico’s arguments and legal precedents relevant to the dispute.

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