Classifier Instance:

Anchor text: 2006 Puerto Rico budget crisis
Target Entity: 2006_Puerto_Rico_budget_crisis
Preceding Context: On November 15, 2006, the government eliminated the excise tax of 6.6% on imports (taxes on cigarettes, liquor, and cars are still in effect) and substituted it for a 5.5% islandwide Sales and Use Tax, plus a municipal sales tax of 1.5%, for a total of 7%, in what has been known as the Puerto Rico Tax Reform. This change was partly due to the government’s growing expenditures and fiscal deficits which remained unchecked and uncorrected for several years, until several credit agencies warned public officials that all general-obligation bonds issued by the government were to be downgraded if the problem was not corrected. The situation reached a turning point when the executive branch of the government was partially shutdown, the events now known as the
Succeeding Context: . Thirty-three (33) agencies were closed and 95,762 employees were sent home without pay. Following public bickering between the two main political parties, the new sales tax was approved in favor of the excise tax on imports on May 10, 2006, ending the budget crisis.
Paragraph Title: Sales and Use Tax
Source Page: Government of Puerto Rico

Ground Truth Types:

Predicted Types:

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