Lawandtax-news.com favicon LAWANDTAX-NEWS.COM
HOME | CONTACT | RECRUITMENT | ABOUT | LEGAL      Join us on Twitter Lowtax Facebook page Join our discussion on LinkedIn Join us on Google+ Delicious Subscribe to the Tax-News RSS Feed
   NETWORK SITES:
   LOWTAX   
   TAX-NEWS   
  PBTG  
   
 

Country Home Pages

Australia
Bahamas
Barbados
Bermuda
British Virgin Islands
Canada
Cyprus
Dubai
Gibraltar
Guernsey
Hong Kong
Isle of Man
Ireland
Jersey
Labuan
Liechtenstein
Luxembourg
South Africa
UK
US

Daily Tax Quote

Lowtax Network Sites
Lowtax Network Portal: 'Low-tax' business and investment in the top 50 jurisdictions covered in exceptional detail.
Tax News: Global tax news, continuously updated through the day.
Investors Offshore: The independent offshore and alternative investment guide for expatriates and the globally aware investor. Sponsored by HSBC Bank International.
Law & Tax News: Daily news and background data on tax and legal developments for international business.
Offshore-e-com: A topical guide to offshore e-commerce focused on tax and regulation.
Lowtax Library: One of the web's largest and most authoritative business and investment information sources.
US Tax Network: The resource for free online US taxation information, covering: corporate tax, individual tax, international tax, expatriates, sales and e-commerce tax, investment tax.
Personal Business Tax Guide: Providing essential tax news and information on business for contractors, entrepreneurs, professionals, small businesses, artists, sportspersons and entertainers.
Offshore Trusts Guide: OTG publishes news, features and newsletters on the use of offshore trust structures.
TreatyPro: Online tax treaty resource.
Bill To Extend US Social Security To Puerto Rico

by Leroy Baker, Tax-News.com, New York Monday, January 30, 2012

Puerto Rico’s Resident Commissioner, Pedro Pierluisi, has introduced proposed legislation into the United States Congress that looks to extend the Supplemental Security Income (SSI) programme to Puerto Rico, as well as to Guam, the US Virgin Islands and American Samoa.

The SSI programme helps the most vulnerable and disadvantaged people in the US, providing monthly cash assistance to blind, disabled or elderly individuals who have limited or no income. Although SSI applies in all 50 US states, it has never applied in Puerto Rico since it was established in the early 1970s.

Instead, the federal grant programme known as Aid to the Aged, Blind, and Disabled (AABD), which preceded the SSI programme, continues to apply on the Island. The US Social Security Administration sends monthly SSI payments directly to recipients, while the AABD programme is administered by the Puerto Rican government with a limited block grant from the US Department of Health and Human Services.

In addition, under the AABD programme, the Puerto Rican government must make a 25% “matching” payment in order to receive its federal block grant. Under SSI, by contrast, eligible beneficiaries in the US states receive payments directly from the federal government, and there is no state matching requirement.

Prior to introducing the proposed legislation, the Supplemental Security Income Equality Act, Pierluisi spoke on the floor of the US House of Representatives about the bill, stating that, “of all the disparities that Puerto Rico faces because of its territory status, perhaps none is as unprincipled or harmful as its exclusion from SSI”.

“Puerto Rico’s annual block grant is about USD35m. By contrast, the US’s poorest state, with almost one million fewer residents, received over USD740m in SSI funding in 2010, roughly 21 times more than Puerto Rico,” Pierluisi added.

He explained that SSI beneficiaries in the US states receive between USD400 and USD600 per month, while AABD beneficiaries in Puerto Rico receive an average of just USD70 a month.

“Residents of Puerto Rico are American citizens. But, when it comes to SSI, their citizenship is second class. I hope my colleagues on both sides of the aisle will support this bill,” said Pierluisi during his speech to the House of Representatives.

.

THE LOWTAX LIBRARY

One of the web's largest and most authoritative business and investment information sources. Alongside topical, daily news on worldwide tax developments, you can receive weekly newswires or access up-to-date intelligence reports on a range of legal, tax and investment subjects.

FREE TRIAL NEWS SUBSCRIPTION

Our 16 constantly updated intelligence reports cover every important aspect of 'offshore' and international tax-planning in depth, including banking secrecy, the EU's savings tax directive, offshore funds, e-commerce, offshore gaming and transfer pricing. Reports are available for immediate downloading or as subscription services with news pages.

Advertising & Marketing

With over 50,000 qualified readers every month our web-sites offer a number of cost effective, targeted advertising, sponsorship and marketing opportunities:

Display advertising - from 'skyscrapers' to 'buttons'
Content/article submission and sponsorship
Opt-in email marketing
On-line Services Directory listings

Click here to learn more or contact Charles Bell on +44 (0)1424 205 425 or at charles@bsi-media.com and he will put you in touch with your regional rep.

News & Content Solutions

Could your corporate web-site or newsletter benefit from incorporating regularly updated news and content tailored to serve your clients' interests? We can provide a variety of maintenance-free news and content solutions that can be seamlessly integrated and dynamically delivered:

Customised, personalised 'own-brand' news services
Newsletter content and management
News Headlines Tickers

Click here to learn more or contact Charles Bell on +44 (0)1424 205 425 or at charles@bsi-media.com and he will put you in touch with your regional rep.

IMPORTANT NOTICE: THE LOWTAX NETWORK has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments. All materials on this site copyright THE LOWTAX NETWORK 1999 to 2012 .


All content on this site has been provided by BSIRN.