Xenia Vélez

Ms. Vélez' practice is focused on advising clients on the tax treatment of corporate transactions and reorganizations, as well as assistance in devising tax-efficient corporate structures for new or existing Puerto Rico operations.

She has worked extensively with the Puerto Rico tax and industrial incentives acts and provisions relative to U.S. income taxation of international operations, as well as the Puerto Rico and U.S. taxation of investment income, including government obligations.

Ms. Vélez was appointed Secretary of the Treasury of Puerto Rico in November 1997, a position she held through December 31, 2000. In February 2010, she was appointed Director of the Puerto Rico Tax Reform Committee, responsible for coordinating studies relating to, and conceptualization and drafting of, the Puerto Rico Internal Revenue Code of 2011.