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In Puerto Rico, tax breaks enacted in 2012 aimed to juice the economy by encouraging mainland U.S. citizens to do business and live on the island, where they could apply to pay nothing in capital gains taxes. But the tech — and primarily crypto — entrepreneurs who showed up in droves to shield their wealth didn’t do much to improve its fortunes, suggests recent data. Some have instead left a mess of unfinished business in their wake, suggests the New York Times in a new report that zooms in most closely on Brock Pierce, a 43-year-old former child actor who created the currently beleaguered digital currency Tether, and whose local business dealings – including a real estate buying spree – and been ill-fated and short-lived.
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In Puerto Rico, tax breaks enacted in 2012 aimed to juice the economy by encouraging mainland U.S. citizens to do business and live on the island, where they could apply…
Image Credits: BackyardProduction / Getty Images
Elon Musk and Donald Trump’s joint X Spaces event appears to have crashed Monday afternoon. The conversation between the owner of X and the former President was scheduled for 5…
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BT, the U.K.’s former incumbent telecoms carrier, is picking up a major new investor today as telecoms companies look for stronger footing in the rapidly shifting technology and communications market.…
X, the social media platform owned by Elon Musk, has been targeted with a series of privacy complaints after it helped itself to the data of users in the European…
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Heavy equipment manufacturer CNH Industrial has a long history of mergers and acquisitions, at times supervising legendary brands like Ferrari. But five years ago, as agtech was booming, the global…
