Puerto Rico Imports 85% of Its Food and Owes $123 Billion in Debt, Yet It Gives Monsanto/ Bayer a 90% Tax Exemption

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Puerto Rico’s fertile land is a crop and pesticide poison test site for Monsanto, which was recently sold to Bayer chemical company. Many locals near the company’s seed sites complain of illness. Monsanto/ Bayer has $2 billion in court judgements against it for cancer and injury claims, with 13,000 more US cases pending. Other GMO and chemical companies in the area include Syngenta, BASF, Pioneer and RiceTec. Ricardo Rossello, the Governor of Puerto Rico, blamed the island’s bad economy on “colonial treatment” and said that tax breaks are the only tool for economic development. He said that the transnational companies account for 42% to 46% of the economy, although Monsanto/ Bayer receives a 90% tax exemption and $3 million in wage subsidies.

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Puerto Rico Imports 85% of Its Food and Owes $123 Billion in Debt, Yet It Gives Monsanto/ Bayer a 90% Tax Exemption | WeAreChangeTV.US
1 year ago

[…] 7, 2019 Al Jazeera No Comments This post was originally published on this […]

Gourdhead
Gourdhead
1 year ago

This is why these mismanaged mooches want to become a U.S. State. They think the taxpayers will bail them out and the big ‘free teat’ will become available. Whoa be the day.

Eileen
Eileen
1 year ago

It makes clear who has the power and enjoys the riches in the ilegal colony of Puerto Rico.
#freepuertorico

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Puerto Rico Gives Mosanto 90% Tax Exemption yet is $123 Billion in Debt | Health and Money News
1 year ago

[…] July 7, 2019 Al Jazeera Health 3 […]

Minedga McNamee
Minedga McNamee
1 year ago

They do not want them in BRAZIL. THEY DESTROYED THE LOCAL FARMERS’ CROPS ON PURPOSE!!!