Doral Wants Puerto Rico to Pay $229.9 Million Tax Refund
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Doral Financial Corp., the holding company for Puerto Rico’s second-largest mortgage lender, sued the island’s government for voiding a 2012 agreement to pay a $229.9 million tax refund.
The Puerto Rico Department of Treasury’s action was “unlawful and beyond its authority,” according to a complaint filed today in San Juan Superior Court and made available by Doral’s lawyers. A separate request was filed today seeking review by the island’s high court, Doral said in a statement.