The Conservative Cave
Current Events => The DUmpster => Topic started by: SSG Snuggle Bunny on March 27, 2014, 11:02:05 AM
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FrodosPet (1,639 posts)
Cuba plans big tax breaks to lure foreign investors: official media
http://www.reuters.com/article/2014/03/26/cuba-investment-idUSL1N0MN0TJ20140326
(Reuters) - Cuba's communist government has drawn up a new foreign investment law that will cut the profits tax in half and exempt investors from paying it for eight years in an attempt to attract desperately needed capital into the economy.
The National Assembly will meet on Saturday to approve the legislation that Cuba promises will offer investment security to foreigners and help further integrate the Caribbean island in the global economy.
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The proposed law includes a clause that bans expropriations except in cases of public interest previously established by the government, in which case investors would be compensated.
~ snip ~
It would also guarantee the free transfer of profits or dividends outside of Cuba without paying additional tax, and allows investment in any sector of the economy except education and healthcare.
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It is almost as if Cuba and Venezuela are moving in opposite directions. Cuba is opening up more and more of the economy, letting Venezuela play the heavy. Cuba gets cheap oil and cash while Venezuela gets saddled with all the revolutionary socialism legacy costs.
"Sure Nicolás! ¡Viva la Revolución!" - Click - "Maria, can you get my broker on the line?"
(Quick Poll: What year will the first legal casino in Havana since the Batista era open?)
http://www.democraticunderground.com/10024733318
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Wait, I thought Cuba was the bestest place in the world, with the bestest Healthcare evah!
What happened?
:rofl:
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Wait, I thought Cuba was the bestest place in the world, with the bestest Healthcare evah!
What happened?
:rofl:
It was the second bestest place in the world... they still have access to toilet paper though. The workers' paradise is still Venezuela
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Response to Nuclear Unicorn (Reply #2)
Thu Mar 27, 2014, 12:54 PM
FrodosPet (1,641 posts)
3. My Havana casino prediction: 2018
If you MUST live in poverty, in decaying houses about to collapse on top of you, then yes, it would be nice to at least be in a beautiful, culturally rich place while doing so.
But when it is big news that medical doctors are getting a raise to the level of a third-world sweat shop employee - something is wrong with this picture.
Hopefully, somehow, in the long game, I hope this turns out to be a positive development for the people of Cuba. I hope that they can finally overthrow the rigid socialist fundamentalism that has held them back, and that a trip to Havana becomes a matter of remembering to bring your passport or enhanced driver's license to the airport.
What is ironic and sad is how Venezuela is getting stuck with being the new Cuba. The Castro Brothers get to export all the slogans and surplus doctors and diehards to Caracas, while getting cheap oil and foreign aid.
I have a hunch this will be a fairly small fire. It doesn't fit the primitives ideal.
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But when it is big news that medical doctors are getting a raise to the level of a third-world sweat shop employee - something is wrong with this picture.
You do know, that's pretty much what Obamacare has planned for our doctors here, don't you?
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If you MUST live in poverty, in decaying houses about to collapse on top of you, then yes, it would be nice to at least be in a beautiful, culturally rich place while doing so.
You first, DUmbass.
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Wait, I thought Cuba was the bestest place in the world, with the bestest Healthcare evah!
What happened?
:rofl:
Cuba ran face first into the 'Thatcher Doctrine'. :thatsright:
"The problem with socialism is that eventually you run out of other people's money." Cuba's there, and must now convince a new crop of suckers to introduce their money into the equation.
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Wait, I thought Cuba was the bestest place in the world, with the bestest Healthcare evah!
What happened?
:rofl:
I'm guessing reality.
As I've said before - primitives who think that there is a thriving economy in Cuba that the United States denies in the name of capitalism can take a quick look at Cuba via Google Maps.
1 ) Look at satellite photos of your neighborhood.
2 ) Scroll down to Cuba and look at satellite photos of any neighborhood.
3 ) Compare and contrast.
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I have a hunch this will be a fairly small fire. It doesn't fit the primitives ideal.
You can bet ProSense won't say anything in it until the official Oministration position comes out.
:lmao:
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No new comments as yet.
Freakospet lays an egg. :loser:
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Looks like they copied the New York scam word for word. Anybody dumb enough to consider going into business either place better have a good lawyer (yes I know, contradiction in terms) go over the fine print.