Logan Paul responds to Bad Bunny criticism that he exploits Puerto Rico tax breaks
Logan Paul has been the subject of criticism from Bad Bunny that he is among those taking tax breaks to live in Puerto Rico, and he recently addressed the issue. Paul was cited by Bunny as an example of those taking advantage of tax breaks to entice foreigners to come live and run businesses on the island.
Law 22, known as the Individual Investor Law, “aims to attract new residents to Puerto Rico by providing full exemption from Puerto Rico income tax on all passive income earned or accrued after such persons have become bona fide residents of Puerto Rico” according to the 20/22 Act Society. Criticism is coming that Paul and others are seen as gentrifying the island, and Bunny has singled out Paul in a new documentary.
Paul appeared on Philip DeFranco’s show to respond to the allegations. He talked about all he and his brother have done to help the people of Puerto Rico and his motivations for doing so. He also said Bunny also takes advantage of tax schemes, calling the critics hypocritical.
“It’s hard, man, because I love Bad Bunny,” Paul said. I think he’s an amazing artist. I think it’s a generational talent. But I find that hypocritical because Bad Bunny is a Puerto Rican living in Puerto Rico who privately benefits from the same tax scheme he publicly condemns. I know that. His act is called Doscientos Carritos, just like his manager.
He continued, “And I see things like this and it hurts. There are local Puerto Ricans who know about this. So I see this music video that has me stuck in the middle; that’s surrounded by a background that makes me look like a vulture in Puerto Rico. And again, while I love Bad Bunny, I personally cannot support the hypocritical nature of his exploitation. And, as I said, there is has more people who are aware of this and i have heard rumors that there is a journalist here on the island doing a profile.
If you use any of the quotes in this article, please credit Philip DeFranco of ah/t at 411mania.com for the transcription.