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Cuba has unveiled its new tax code, claiming it was friendlier for small businesses. The new taxes were revealed in the Communist Party daily newspaper Granma.
Tax deductions are greatly increased but new taxes are also added and stronger penalties for tax evasion are warned.
The plan replaces a primitive 1994 tax code.
Cuba watcher Phil Peters observed: "My bet is that the sector will grow substantially, but only time will tell how big a tax burden this will be and how many entrepreneurs will be able to live with it,"
