July 13, 2018
What change in Cuba?
We were very skeptical a few years ago about President Obama's opening to Cuba. It made little sense, because we got nothing back. It was the Cuban version of the Iran nuclear deal without the $1 billion in cash flown in on pallets at night. The latest from Cuba is that taxes and controls are going up, as we see in The Miami Herald: The Cuban government issued new measures on Monday to limit the accumulation of wealth by Cubans who own private businesses on the island. The provisions stipulate that Cubans may own only one private enterprise, and impose higher taxes and restrictions on a spectrum of self-employment endeavors, including the arts. The government announced that it will start issuing licenses to open new businesses — frozen since last August — but established greater controls through a package of measures intended to prevent tax...(Read Full Post)