March 31, 2016
The Commonwealth of Puerto Rico told the island's federal court Thursday that it will appeal a March 28 decision barring the commonwealth from collecting an alternative corporate income tax from a Wal-Mart Stores Inc. subsidiary because it violates the U.S. Constitution.
March 28, 2016
A Puerto Rico federal court on Monday said the financially strapped commonwealth could not collect an alternative corporate income tax from a Wal-Mart Stores Inc. subsidiary because it violates the Commerce and Equal Protection clauses of the U.S. Constitution.
February 02, 2016
Puerto Rico on Monday asked the commonwealth's federal court to dismiss a challenge brought by a Wal-Mart Stores Inc. subsidiary to a business tax law enacted last year, saying it is in line with the Constitution and Wal-Mart has as of yet suffered no actual harm.
January 19, 2016
A Puerto Rico federal judge said on Friday the commonwealth must turn over documents prepared by KPMG in a dispute with Wal-Mart over legislation to raise a local business tax, saying Puerto Rico cannot benefit from accountant-client privilege in the case.
January 11, 2016
A Puerto Rico federal judge on Friday refused to hold up an upcoming trial in Wal-Mart's fight against a tax hike in the commonwealth, which had wanted to take more time with the mammoth retailer's financial records, saying there is nothing to be gained from a delay.
December 22, 2015
A Puerto Rico federal judge said Tuesday that he needs more information from the debt-ridden territory before he can decide whether to toss a Wal-Mart subsidiary's challenge to a tax hike that allegedly targets big-box stores, claiming it "is not a typical case."
December 07, 2015
A Wal-Mart Stores Inc. subsidiary on Friday sued Puerto Rico in the territory's federal court over recently enacted legislation to raise a local business tax that the company alleges affects only Wal-Mart and claims would raise its effective income tax rate to 91.5 percent.