In Puerto Rico, tax breaks enacted in 2012 had been meant to encourage mainland U.S. residents to do enterprise and stay on the island, boosting the financial system by exempting them from capital positive factors taxes. However judging by current information, the tech (principally cryptocurrency) entrepreneurs who arrived in droves to save lots of their fortunes didn't do a lot to enhance the island's fortunes. As a substitute, some entrepreneurs left unfinished enterprise, stories a brand new New York Instances article, which focuses most on Brock Pierce, the 43-year-old former baby actor who developed the now-struggling digital forex Tether. Pierce's native enterprise offers (together with an actual property spree) had been ill-fated and short-lived.