AP/ Seattle PI
The personal tax is a foreign concept in Cuba... where government runs the entire economy.
But the 178,000 new private work licensees face tax rates of up to 50% on personal income, 10% on sales and some even a 25% social security tax.
In December FM Lina Pedraza estimated that entrepreneurs would keep about 20-25% of what they make.
Popular Posts
- RUSSIA : Putin Now Playing Corruption Slayer Card.
- MEXICO : To Fend Off Brutal Zetas Narcos...Torreon Ponders Deal With Sinaloa Gang; Zetas Still Control Coal Rich Coahuila State.
- EU / FRANCE / UK : Paris Continues Nastiness Over Cameron Euro Balk...Demanding That London Be Downgraded First!
- ITALY / EUROZONE : New Greek Crisis Delays Berlusconi's Love Songs CD Release.
- VENEZUELA : 09 Feb UPDATE: Caracas Finally Devalues Bolivar...By 32%.
- RUSSIA: Anti-Corruption Blogger Alexei Navalny Emerges As Putin Party Challenger; Another Protest In 'Putin Snow Revolt.'
- VENEZUELA / ARGENTINA : Hugo Paints Nestor...For Cristina; Chavez Hosts CELAC Summit...Without USA, Canada.
- VENEZUELA : Bitter Election Aftermath For Opposition; Zulia Man Kills 6 After Losing Bet On Capriles.
- GEORGIA : 2 MPs Slug It Out...On Live TV.
- UKRAINE : 27 April UPDATE: Barbie Doll Looking Model...Defends Appearance.