P.R. Laws tit. 13, § 8002
There is the conviction and the evidence that shows that the tax system of Puerto Rico is not fair, in relative as well as in absolute terms, which motivates a considerable number of taxpayers to evade sharing the responsibility of financing the State’s operations. Moreover, the system is a complex one because of the multiple incentives and deductions that erode the tax base and propitiate tax evasion, among other things. The system has also lost its tax-collection capacity, making it more expensive each time and requiring extraordinary efforts to maintain the collection levels to carry out the Government’s work. For this reason, the Government of Puerto Rico shall implement a fair, equitable and relatively simple tax system, which at the same time is efficient in the collection of revenues to defray the cost of its operations and services, which goals are pursued through the proposed tax reform.
History —Sept. 26, 1994, No. 109, § 2.