Coming to the Red, White and Blue......
HAVANA (Reuters) – Cuba has set income tax rates at 25 to 50 percent for its soon to be expanded private sector, with the biggest earners paying the most taxes, according to official decrees published on Monday.
The rates will range from nothing for those making 5,000 pesos -- equivalent to $225 -- or less a year to 50 percent for those in the highest bracket, which is more than 50,000 pesos, or $2,252."
Tuesday, October 26, 2010
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