Frances Haugen—Moved to Puerto Rico tax haven after leaving Facebook, using crypto gains to avoid capital gains taxes
In March 2021, Haugen moved to Puerto Rico to join 'crypto friends' on the island. Under Act 22, Puerto Rico residents who live there at least half the year are exempt from taxes on capital gains. Haugen stated 'I did buy crypto at the right time' when asked how she supported herself. Critics noted the irony of calling for tech companies to fulfill social duties while living in a tax haven in a U.S. territory with high poverty rates.
Scoring Impact
| Topic | Direction | Relevance | Contribution |
|---|---|---|---|
| Tax Practices | -against | primary | -1.00 |
| Overall incident score = | -0.572 | ||
Score = avg(topic contributions) × significance (medium ×1) × confidence (0.57)
Evidence (1 signal)
Haugen moved to Puerto Rico tax haven with crypto wealth
Haugen moved to Puerto Rico in March 2021 to join 'crypto friends' and benefit from Act 22 tax exemptions on capital gains. She told the New York Times: 'For the foreseeable future, I'm fine, because I did buy crypto at the right time.'