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(NewsMax)   Cuba introduces income tax for the first time in more than 50 years, to the dismay of the six Cubans who have an income   (newsmax.com) divider line 18
    More: Interesting, Cuban, Cuban Government, collapse of the Soviet Union, pesos, tax collectors, income taxes, amortizations, Fidel Castro  
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969 clicks; posted to Business » on 30 Nov 2012 at 12:03 PM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



18 Comments   (+0 »)
   
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2012-11-30 08:27:19 AM
Can socialism be far behind?
 
2012-11-30 09:43:12 AM
Have they learned nothing from the US conservative movement? This will absolutely KILL their economy.
 
2012-11-30 09:59:46 AM
So this means that after all these years, the embargo is finally beginning to work?
 
2012-11-30 11:32:54 AM

nekom: So this means that after all these years, the embargo is finally beginning to work?


Nah, it's just Raul starting to bring the country into the 21st century. The government is cutting millions of jobs over the next few years, so this is natural I think.
 
2012-11-30 12:08:12 PM
Cuba is finally embracing neoliberalism while America is embracing socialism and communism.
 
2012-11-30 12:15:26 PM

Funk Brothers: Cuba is finally embracing neoliberalism while America is embracing socialism and communism.


Yeah, instead of Canada or Australia, I'm sure we'll hear Republicans griping about moving to Cuba in a few years.
 
2012-11-30 12:55:36 PM
Cuba has currency?

I thought they had a barter system consisting of sea shells and rusted Packard bolts.
 
2012-11-30 01:21:50 PM
And yet...

download.ultradownloads.com.br

I know, not everyone, but they keep 'em in working conditions.
 
2012-11-30 01:30:12 PM
Honestly, this is a bit of a sound plan. Their tax code won't be anything as convoluted or corrupt as ours.
 
2012-11-30 01:36:34 PM

CygnusDarius: And yet...

[download.ultradownloads.com.br image 850x637]

I know, not everyone, but they keep 'em in working conditions.


Actually, I remember reading an article that nearly all of them are falling apart and held together by a series questionable repairs.
 
2012-11-30 01:50:29 PM
One more place conservatives can cross off their list of places they plan to run to to avoid paying slightly higher taxes here.
 
2012-11-30 02:59:56 PM

KFBR392: Actually, I remember reading an article that nearly all of them are falling apart and held together by a series questionable repairs.


Not many of them left, it's true.

Tons of recent Hyundais, Kias and Japanese cars though.
 
2012-11-30 03:05:54 PM

kumanoki: Cuba has currency?

I thought they had a barter system consisting of sea shells and rusted Packard bolts.


I studied abroad in Cuba when I was in college. While they technically have their own currency, people used US dollars for all the transactions I ever saw. They get lots of US paper money from their relatives in the US and it is worth a lot more than the pesos their government prints.
 
2012-11-30 03:23:03 PM

friskyscissors: I studied abroad in Cuba when I was in college. While they technically have their own currency, people used US dollars for all the transactions I ever saw. They get lots of US paper money from their relatives in the US and it is worth a lot more than the pesos their government prints


In 2004, USD was outlawed as a legal tender, forcing everyone to move over to convertible peso (CUC$) which is pegged to the dollar. When we visited in 2010 the real cuban peso was effectively monkey money, it was accepted by state-run business (ie, all of them) but it wasn't prefered. Even the beer/soda machines accepted the CUC$.
 
2012-11-30 04:02:11 PM

Sargun: Honestly, this is a bit of a sound plan. Their tax code won't be anything as convoluted or corrupt as ours.


Give it a century or so.
 
2012-11-30 04:29:28 PM

CygnusDarius: And yet...

[download.ultradownloads.com.br image 850x637]

I know, not everyone, but they keep 'em in working conditions.


Car collectors will be all over Cuba like white on rice when the embargo falls.
 
2012-12-01 03:24:15 PM

Funk Brothers: Cuba is finally embracing neoliberalism while America is embracing socialism and communism.


Obviously we must keep the embargo on until they recognize the errors of their ways.
 
2012-12-01 03:29:58 PM

KFBR392: CygnusDarius: And yet...

[download.ultradownloads.com.br image 850x637]

I know, not everyone, but they keep 'em in working conditions.

Actually, I remember reading an article that nearly all of them are falling apart and held together by a series questionable repairs.


Seems like I read an article many years ago that they have installed various eastern bloc parts... motors... etc. from Zils, Ladas, Skodas. Things they had slightly more access to.
 
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