Coverage timeline
Politank
Every story we’ve published that names Politank, newest first.
- Senator Morales: Former Secretary Domenech’s Testimony Does Not Match Sworn Statements
Senator Juan Óscar Morales stated that the partial Senate report on former Secretary of the Interior Francisco Domenech shows his sworn testimony does not match the sworn statements of former DDEC officials.
- Domenech Reveals Details on Politank Board
Francisco Domenech, chief of staff to Puerto Rico Gov.
- Luxury Condo Project Opus Awaits Tax Incentive Decree
The luxury condominium project Opus in Miramar’s Convention District is still awaiting a tax incentive decree, which would grant it multiple benefits, including a 15-year tax exemption and construction fee waivers.
- What the DDEC Crisis Means for Act 60
Eight weeks ago, Puerto Rico’s Department of Economic Development and Commerce — the agency that runs the island’s Act 60 incentives program — lost its secretary and more than ten of its senior officials in a single day.
- Domenech Denies Sworn Allegations from Ex-DDEC Secretary Negrón
Puerto Rico Secretary of Government Francisco Domenech rejected all allegations made against him in sworn statements by former Department of Economic Development and Commerce (DDEC) Secretary Sebastián Negrón Reichard and former Office of Incentives director Ernesto Zayas García.
- DDEC Fines Lobbying Firm Politank $80,000 for Tax Decree Violations
Puerto Rico’s Department of Economic Development and Commerce (DDEC), led by Secretary Carlos Ríos Pierluisi, imposed an $80,000 administrative fine on lobbying firm Politank after a new administrative review found multiple violations of its tax decree, according to a supplementary memo filed Wednesday with Senate President Thomas Rivera Schatz.
- Politank Submits Late Reports After Audit Findings
Almost a month after the results of an audit were released, pointing to a pattern of alleged non-compliance, Politank, Corp. has reportedly submitted the necessary reports to the Department of Economic Development and Commerce (DDEC) to maintain its contributory decree as a services exporter under Law 60 of 2019.
- Víctor Ramos Defends Contracting of New Security Companies
Víctor Ramos Otero, Secretary of the Department of Health, defended the decision to contract new security companies, stating that there is nothing to investigate.
- Housing Department Confirms Hiring of Former OGPE Director Under Investigation
The Department of Housing confirmed that former Director of the Office of Permit Management (OGPE), Norberto Almodóvar Vélez, joined the agency on Monday, despite being under investigation by the Independent Special Prosecutor’s Office (FEI) for alleged improper actions during a competitive process for contracting professional services.
- Senate Extends 4% Preferential Tax Rate to Non-Resident US Citizens
The Puerto Rico Senate has amended Project 488 to extend the 4% preferential tax rate to non-resident US citizens, in addition to its original goal of equalizing the tax burden for local and foreign investors.
- PFEI Names Two Special Prosecutors Over Ex-DDEC Secretary’s Complaints
The Panel on the Independent Special Prosecutor (PFEI) determined there was sufficient cause to investigate the complaints filed by former Department of Economic Development and Commerce (DDEC) Secretary Sebastián Negrón Reichard, and assigned two special independent prosecutors to handle them as related matters.