Posted 12/3/2023, 1:32:22 PM
Honduran Business Group Sues Government for $11 Billion Over Tax Haven Dispute
- Honduras Próspera organization sues Honduran government for $11 billion over tax haven dispute
- Lawsuit centers around Special Economic Zone (SEZ) on Roatan island set up after 2009 coup
- SEZs embody business-friendly, free market policies with tax incentives and autonomy
- New Honduran president and congress have tried removing SEZ amid opposition
- SEZ legal framework makes disputes difficult to resolve due to investor protections