Biography
Mrs. Carballo focuses her practice on complex corporate tax matters, including startup operations, inbound and outbound corporate reorganizations, acquisitions, financings, exit strategies, legislative affairs, tax incentives and exemptions, and competent authority proceedings between the Puerto Rico Treasury Department and the Internal Revenue Service.
She is ranked as one of Puerto Rico’s Leading Attorneys in the Tax field by both Chambers & Partners and by Legal 500. She is also ranked in the Tax field of The Best Lawyers in Puerto Rico guide.
A substantial part of her practice is devoted to tax minimization strategies through Puerto Rico's various tax incentive programs under Act 60-2019 including export services, resident individual investors, industrial/manufacturing, and agriculture tax exemptions, as well as municipal incentives.
Many of her clients are global manufacturing companies in the pharmaceutical, medical devices and electronics sectors, as well as major retail companies, e-commerce companies, companies engaged in blockchain and cryptocurrency transactions, export service companies, and high net worth individuals.
She has extensive practical experience handling government tax and tax incentives compliance audits, as well as negotiating closing agreements and requests for rulings on various tax matters with the Puerto Rico Treasury Department.
Together with other members of the legal and accounting profession, she commented on and proposed changes to the bills which eventually became the Puerto Rico Tax Reform Act of 1987, the Puerto Rico Tax Reform Act of 2015, and the Excise Tax Act of the Commonwealth of Puerto Rico of 1987. Mrs. Carballo has spearheaded various amendments to Puerto Rico’s Internal Revenue Code, the industrial tax incentives acts of 1998 and 2008, as well as the Puerto Rico Incentives Code of 2019.
She is the author of various tax articles, including "Economic Incentives for the Development of Puerto Rico Act: The Last Frontier in Tax Incentives Legislation," which was published in the June 2009 edition of the Journal of Multi State Taxation and Incentives, and of "Puerto Rico's Subchapter N Eliminates Double Taxation," and "Puerto Rico Offers Tax Exemption for Services to Foreign Markets," which were published in the Journal of International Taxation.
She also has been a lecturer in various corporate tax and tax incentives seminars sponsored by the Puerto Rico Manufacturers Association, the Solar + Energy Storage Association of Puerto Rico, and other private organizations.
Mrs. Carballo is a member of the Columbia University Alumni Association of Puerto Rico, as well as a member and past President of the Princeton University Alumni Association of Puerto Rico. She served as Chairperson of Princeton University’s Schools Committee in Puerto Rico, and as a member of Princeton University’s National Schools Committee.
She also has served as member of the Board of Directors of various manufacturing corporations as well as not for profit organizations in Puerto Rico including Adopta Ahora Inc. where she currently serves as Chair.
Practices
News & Publications
News
- McV News
- McV News
- McV News
- McV News
- Twenty-six McV Attorneys Recognized in Chambers & Partners Latin America Guide
- McV serves as local counsel in Liberty Global’s acquisition of Choice Cable TV
- Tax Co-Chairs Appointed
Publications
- An McV Corporate Alert
- An McV Sales & Use Tax Alert
- Tax Alert
- Tax Alert
- An McV Tax Alert
- An McV Energy & Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Sales & Use Tax Practice Team Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Labor & Tax Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Recovery Financing Alert
- An McV Tax Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Tax Litigation Alert
- An McV Tax Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Tax Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Tax Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Sales & Use Tax Alert
- An McV Government Affairs Alert
- An McV Sales & Use Tax Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Sales & Use Tax Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Tax Alert
- An McV Emergency Task Force Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Tax & Health Care Alert
- An McV Government Affairs Alert
- An McV Corporate & Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Emergency Task Force Alert
- An McV Tax Alert
- An McV Emergency Task Force Alert
- An McV Government Affairs Alert
- An McV Tax Alert
- An McV Government Affairs Alert
- An McV Health Care Alert
- An McV Government Affairs Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Tax Alert
- An McV Government Affairs Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Recovery Financing Practice Group
- An McV Tax Alert
- An McV Government Affairs Alert
- An McV Tax Alert
- McV Cuba Practice Team Alert
- An McV Recovery Financing Practice Team Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Government Affairs Alert
- An McV Tax Alert
- An McV Recovery Financing Practice Team Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Recovery Financing Practice Team Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Bankruptcy & Debt Restructuring Alert
- An McV Bankruptcy & Debt Restructuring Alert
- An McV Tax Alert
- An McV Bankruptcy & Debt Restructuring Alert
- An McV Real Estate & Tax Alert
- An McV Government Affairs Alert
- An McV Government Affairs & Tax Alert
- An McV Cuba Practice Team Alert
- An McV Government Affairs Alert
- An McV Tax Alert
- An McV Tax Alert
- McV News
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Litigation Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Cuba Practice Team Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Government Affairs Alert
- An McV Tax Alert
- An McV Tax Exemption Alert
- An McV Government Affairs and Tax Alert
- An McV Government Affairs and Bankruptcy & Debt Restructuring Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- An McV Tax Alert
- Amendments Ease Financing Rules on Exports and Further Facilitate Travel to Cuba
- Cuba Practice Team,
- Tax Litigation,
- Cuba Practice Team,
- Cuba Practice Team,
- Tax & Retail,
Member, Business Development Committee
Bar Admissions
- Commonwealth of Puerto Rico
- U.S. Court of Appeals First Circuit
Education
B.A., Cum Laude, Woodrow Wilson School of Public and International Affairs, Princeton University
- Concentration: Economics
J.D., Columbia Law School
Memberships
American Bar Association, Tax Section
Hispanic National Bar Association
Puerto Rico Manufacturer's Association, Tax Section