Cuba: More On New Economic Regulations

I think you will enjoy this intelligence report from STRATFOR.

Cuban entrepreneurs who hire employees will have to pay a 25 percent payroll tax on their salaries, and all Cubans who are self-employed must put 25 percent of their income into a social security system from which they will eventually draw a pension, according to new economic regulations published by the Cuban government, AP reported Oct. 25. The law also establishes many deductions for raw materials, transportation and other business expenses. The new regulations will allow any permanent resident of Cuba over the age of 17 to start their own business and citizens can also apply for licenses for more than one business.

Get the STRATFOR Mobile App for breaking news and insightful analysis of global economic, military, security and political developments. STRATFOR gives you the Intelligence Behind the Headlines.

Get STRATFOR on your iPhone by clicking here.

    Leave a Reply

    Fill in your details below or click an icon to log in: Logo

    You are commenting using your account. Log Out /  Change )

    Google photo

    You are commenting using your Google account. Log Out /  Change )

    Twitter picture

    You are commenting using your Twitter account. Log Out /  Change )

    Facebook photo

    You are commenting using your Facebook account. Log Out /  Change )

    Connecting to %s

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

%d bloggers like this: