Investors are taking a wait-and-see attitude to Puerto Rico’s Governor Ricardo Rossello’s recent proposal to privatize parts of the bankrupt Puerto Rico Electric Power Authority (PREPA) over the next 18-months.
An 11th-hour addition allows a deduction for pass-through entities, but these could be phased out by 2025. The largest permanent breaks would still go to corporations.
Regardless of where it emanates from, the basic question is pretty much the same: Do tax rates—by adding money when cut or subtracting money when raised—result in economic growth or contraction, meaning more or fewer jobs?
Usually, investors rightly concentrate on books that offer guidance in investment strategy, asset allocation, methods of business analysis or otherwise focus specifically on investing. What those books often leave out is the overall thought process of investing.
The growth in both equity and fixed income e-trading, also known by its more formal regulatory moniker “alternative trading system,” has been a bit of a blessing and a bit of a curse for investors.