Manager and boxer Logan Paul falsely claimed that Puerto Rican trap singer Bad Bunny benefits from the same tax incentives he got when he moved to Puerto Rico.
In an interview Paul conducted with host Philip DeFranco on his YouTube channel, the young businessman took the opportunity to criticize the way the “Blackout” music video portrayed him.
“I see this music video and I see how it put me in the middle of it all, surrounded by the context that makes me look like a vulture in Puerto Rico, and while I love Bad Bunny, I can’t see the hypocrisy of his exploitation support,” said Paul, who has lived in the city of Dorado for almost a year and a half.
“I love Bad Bunny […] But I find it hypocritical because Bad Bunny is a Puerto Rican living in Puerto Rico and privately exploiting the same program that he publicly condemns,” the internet personality also said.
However, as described in Law 60, formerly known as Law 22, “a resident individual investor is a person who has not been a resident of Puerto Rico for ten financial years and becomes a resident no later than the financial year ended December 31, 2035 “. Bad Bunny, a Puerto Rican resident of Vega Baja, is making it impossible for him to benefit from this project, which was originally intended to attract US investors to the island in exchange for certain tax exemptions.
“A lot of Law 20s have a bad reputation, and I understand that in any industry that has money, there are going to be vultures and bad actors. However, I think it’s easy to target me and easy to target Jake. [Paul] and tell us the most important ones,” said Paul, who along with his brother Jake helped deliver relief supplies to victims of Hurricane Fiona.
The video “El Apagón – Gente Lives Here” was released on September 16th on Bad Bunny’s official YouTube account and reports on the growing controversy in the real estate market in Puerto Rico, where real estate values are falling due to multi-million dollar investors who have acquired they have risen at prices unaffordable for Puerto Ricans.
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