Puerto Rico's Senate Narrowly Passes Tax Bump To 11.5%

By Caroline Simson (May 26, 2015, 7:16 PM EDT) -- A bill that would increase Puerto Rico's sales tax from 7 to 11.5 percent, potentially setting the stage to keep hedge funds owed billions in Puerto Rican sovereign debt at bay, narrowly squeaked through the Puerto Rican senate on Monday....

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