Porto Rico Fertilizer Co. v. Domenech

This case involves a refund of taxes. The plaintiff, a corporation organized under the laws of this Island, alleged that during the years 1924 to 1931 it borrowed certain sums of money from the Virginia-Carolina Chemical Corporation, a corporation of the State of Virginia having no agent in this Island; that the loans were contracted and the proceeds thereof delivered in Richmond, Virginia, and invested outside Puerto Rico in the purchase of materials used by the plaintiff in its business; and that the principal of said loans, as well as the interest thereon, were paid in Richmond by means of…